AJ Bell confirms intention to proceed with IPO

Written by Oliver Wade

Following its announcement on 8 November 2018, investment platform AJ Bell has today confirmed its intention to proceed with an initial public offering (IPO).

The firm intends to apply for admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority (FCA), and to trading on the London Stock Exchange’s main market for listed securities.

As part of the IPO, qualified AJ Bell customers in the UK can apply for shares via the AJ Bell online investment platform, with the minimum application size being £1,000.

The firm has announced the indicative price range in respect of the IPO, together with the maximum number of shares to be sold in the offer, will be determined in “due course” and published in the prospectus expected to be released in the coming weeks.

The final offer price will be determined following the publication of the prospectus, with admission currently expected to occur in December 2018.

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