Shares 

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.

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