Just Retirement, the life insurer whose products are aimed at people in or entering retirement, has raised £87m from its flotation on Aim, says the Daily Telegraph .
The shares were issued at 148p, capitalising the company at £422m. The successful placing "at the top end" of the indicative price range demonstrated investors' appetite for over-50s insurance, says the paper. Just Retirement raised £87m from the float and said the offer was "substantially oversubscribed". FIGURES FROM the Investment Management Association (IMA) showed net retail sales of unit trusts and open-ended investment companies (OEICs) more than doubled in October compared to the same period last year, reports the Scotsman. Last month saw a net inflow of £1.64bn into investm...
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