Advisory firm Perspective Financial Group has shelved its plans to float on AIM.
The company said last month it was looking to raise £28m via an initial public offering (IPO). In a statement, the company said: "Despite strong interest from investors, Perspective Financial Group has decided to postpone its IPO. "The company continues to deliver strong profitable growth and remains confident in its proven strategy and will seek to revisit the IPO at a more appropriate time." Perspective provides advice to about 84,000 private clients and around 500 corporate pension clients and in recent months has carried out a growth strategy of buying Retail Distribution Revie...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes