Smith & Williamson (S&W) has re-iterated its planned initial public offering (IPO) onto the London Stock Exchange will not come before 2020 and will be subject to market conditions, as it announced "solid" full-year results on Tuesday.
S&W's co-CEO Kevin Stopps said the firm had "completed much of the preparatory work required before a possible stockmarket listing". This includes in areas such as governance, business structures and technology. However, Stopps added: "We previously announced it was unlikely our plans would come to fruition before 2020 and that remains the case, subject to market conditions. "Despite these challenges, we are confident that the strength of our balance sheet, as demonstrated by this year's results, puts us in a good position to withstand them." Smith & Williamson partners with BennBr...
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