Video games retailer Game Group has set its IPO value at £340 million, at the bottom range of expectations.

The company will float on the London Stock Exchange on June 11, with shares offered at 200 pence per share, two years after the firm collapsed into administration. It had previously been valued at £400 million.

Martyn Gibbs, chief executive of Game Digital said: "We are a truly specialist retailer, with a loyal customer base, operating in a growing market.

"Our supplier partners are producing increasingly advanced gaming content, for which we will continue to develop and facilitate new ways to buy and play."