AJ Bell prepares for IPO with float of over £500m

AJ Bell yesterday announced that it has appointed Numis Securities to explore an IPO on the primary market of the London Stock Exchange, with a float estimated to be “upwards of £500m”, according to the firm

The IPO, expected to take place in either Q4 2018 or Q1 2019, will include a retail share offer exclusive to AJ Bell customers. They have said that the listing will give investors “the opportunity to participate in AJ Bell’s future success”.

However, the group is not intending to raise new capital as part of the IPO and the group’s two largest shareholders, chief executive Andy Bell and Invesco Perpetual, will both retain cornerstone shareholdings post-IPO.

Commenting on the strategy, Bell said: “These are exciting times for our business. Over the last 22 years we have built a multi-award winning and easy to use investment platform that is the engine room of a fast growing and profitable business. An IPO is a natural next step in our journey and will provide a further boost to our future growth through the increased profile a stock market listing will give us.

“We believe the outlook for our business is extremely positive. The need for people to save and invest for their future has never been stronger and we are making it easier for them to do that. Our focus on the needs of our customers has resulted in assets invested via our platform increasing by 26% a year on average over the last five years, with total assets under administration hitting £42 billion.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.

Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.