S&W seeks IPO after Rathbone merger talks break down

Was preparing for stockmarket listing before Rathbone approach

Natalie Kenway
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S&W's David Cobb and Kevin Stopps
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S&W's David Cobb and Kevin Stopps

Smith & Williamson is to prepare the firm for a potential stockmarket listing, after a statement from Rathbones said merger talks had been "terminated" as parties were unable to agree a transaction that would be in the best interest of shareholders.

After stockmarket closing yesterday, Rathbone released a statement revealing the £2bn merger talks had broken down "following very extensive due diligence and negotiations". It was first reported on...

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