Equiniti announces IPO plans

Financial and administration services provider Equiniti has announced plans to float on the premium segment of the London Stock Exchange later this month. Management hopes to raise around £390m in gross proceeds, which will be utilised to pay down debt and boost investment in the group's proprietary technology platforms. The offer will also provide a pay day for the group's private equity owner, Advent International, which bought Equiniti in 2007. A market valuation of just under £1bn has been touted, including existing debt. Shares will be available to retail investors through a minimum subscription of £1,000 via Saga and Beaufort Securities, as well as the group's own Shareview and Selftrade platforms.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now