Trust supporting under-represented entrepreneurs looks to IPO

Filed an early notification

An investment trust investing in female and under-represented entrepreneurs has announced it is seeking approval of a prospectus from the FCA with a view to launching an offer for subscription.

The trust, Funding Focus Investment Trust (FFIT), has filed an early notification of listing with the London Stock Exchange. If successful, the new vehicle will offer investors access to high growth businesses across UK and Europe which are led by entrepreneurs who identify as women and/or non-white ethnicity. Europe leads the way in gender diversity at board level Shalini Khemka CBE, chair of Funding Focus Investment Trust, said: "Having worked directly in private equity for a number of years and more recently indirectly with venture capital firms across the UK, it concerns me...