Hollywood Bowl shares roll below IPO price after Electra sells remaining stake

Hollywood Bowl, the UK bowling alley operator that joined the stock market last September, fell to the bottom of the FTSE All-Share on Friday morning after its former private equity owner offloaded its remaining stake in the company.

Electra Private Equity sold its remaining stake for 152.5p per share, below the company’s 160p IPO price.

Shares dropped as much as 8.3 per cent in early trading, before recovering some of their losses. At publication time the shares were down 5.7 per cent, at 158.5p.