The Court of Sessions in Scotland has given its approval for Standard Life to demutualise.
The Edinburgh-based mutual life insurer had previously stated it hopes to float the company on the London Stock Exchange by the end of July.
The firm said in a statement this afternoon it will now publish the prospect for its IPO on June 14th, following the sanction of the court today.
Content of the prospectus will include details of share offers targeted at preferential customers - such as existing members who have the option of purchasing additional shares - along with institutional and retail market.IFAonline
Partner Insight: Continuing the Architas education series for clients.
What made financial headlines over the weekend?
290,000 already affected
Putting the tech into protection
Square Mile’s series of informal interviews