AJ Bell unveils final IPO price valuing firm at £651m

160p per share

Hannah Godfrey
clock
Andy Bell: “The IPO is a significant milestone for the business and I see it as firing the starting gun on our next phase of growth, which I am massively excited about leading the business through."
Image:

Andy Bell: “The IPO is a significant milestone for the business and I see it as firing the starting gun on our next phase of growth, which I am massively excited about leading the business through."

AJ Bell has listed on the main market of the London Stock Exchange at an expected market capitalisation of around £651m.

Investors will be able to purchase shares at 160p per share. The offer comprises of 108,264,032 existing shares, representing 26.6% of the company's issued share capital. Dealing on the investment company began at 8am on Friday morning (7 December) for AJ Bell customers who qualified to purchase company shares. Investment will be available to the wider market from 8am on Wednesday 12 December.   The listing will raise total net proceeds of approximately £169.3m for the selling shareholders.  In September, AJ Bell confirmed qualifying customers in the UK will be able to apply for sh...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot