Hargreaves Lansdown to float on LSE

One of the leading providers of investment management products and services to private investors, the firm, which is worth between £650m and £700m, has made the initial public offering to institutional investors as part of a drive to expand the business. The offer is expected to be completed by mid-May and both chief executive Peter Hargreaves and chairman Stephen Lansdown will be putting a portion of their own shares up for sale, as will certain other current and former employees and the company’s employee benefit trust. The executive directors and senior management team also stated ...