Hargreaves Lansdown to float for £759m

The firm says the IPO will comprise of 118,579,725 Offer Shares – representing around 25% of the existing ordinary share capital of the company and a total offer size of £190m - of which 79,086,775 have been allocated to institutional investors and 39,492,950 to certain eligible existing clients and employees of Hargreaves Lansdown. As a result the existing company shareholders – including founders Peter Hargreaves and Stephen Lansdown; certain current and former employees of the company and the firm’s employee benefit trust - will together retain a shareholding of around 75%. In addi...