Sports Direct has priced its initial public offering close to the top of its official range this morning after recovering from a hiccup in grey market trading earlier this month. If it exercises an over allotment option, it will eclipse Debenhams as the biggest retail flotation in UK history.

The sports retailer today priced its initial public offering of 309.6 million shares, or 43% of the company, at 300p, near the top of the 250p to 310p offer range.