Update: Woodford sells out of AJ Bell ahead of platform IPO

Total AUA of £42bn

AJ Bell founder Andy Bell confirms IPO plans

AJ Bell founder Andy Bell confirms IPO plans

Neil Woodford sold out of AJ Bell ahead of the adviser and D2C platform announcing plans to list on the London Stock Exchange, according to the Financial Times.

Woodford Investment Management told the FT the £6.8bn Equity Income fund sold its 8% stake in AJ Bell in February. The disposal, understood to have raised £40m, took place as Woodford suffered more than...

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