LONDON, June 5 (Reuters) - Video games retailer, GameDigital
The video games chain, which has 560 stores across the UKand Spain has set its price range for its initial publicoffering at 200-212 pence a share, the sources said.
The price range gives Game Digital, which has been owned byU.S. hedge fund Elliott Advisors since it bought the UK andSpain businesses out of administration in 2012, an equity valueof 340-360 million pounds. Books are already covered ahead ofits pricing on Friday, the sources said.
The listing will test what appetite remains for new shareofferings by British retail companies. A string of firms fromPoundland to Pets at Home have alreadyfloated this year, but niche clothing chain Fat Face pulled itsplanned 110 million-pound offer.
Game Digital declined to comment. Cannacord Genuity isacting as financial adviser and joint bookrunner alongside HSBC and Liberum. ($1 = 0.5969 British Pounds) (Reporting By Anjuli Davies; Editing by Sophie Sassard)