UK equity funds back challenger banks ahead of next IPO wave
UK investors back challenger banks
With a growing number of challenger banks listing in the UK this year, UK managers have embraced the opportunity to find a ‘purer' play on the country's financial sector than larger institutions.
Five-year-old bank Aldermore has announced plans to list on the London Stock Exchange later this year, while Lloyds spin-off TSB raised £1.3bn in a June flotation, and OneSavings Bank also raised £134m...
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