interactive investor eyes London listing - reports

Formal decision yet to be taken

Online retail investment platform interactive investor is set for a London flotation at a valuation of up to £2bn, according to reports.

Sky News reported on Thursday (19 August) that the UK-based fund supermarket has been in meetings with investment banks ahead of an initial public offering (IPO).  With more than 400,000 customers and £55bn in AuA, ii is second only to Hargreaves Lansdown by size in the UK market.  interactive investor review of Syncona sparks debate about its original placement ii has made a number of acquisitions over the past few years. In 2019, it completed the £40m purchase of Alliance Trust Saving's adviser and D2C platform business. It brought together the two largest fixed-price retail inve...