River and Mercantile confirms flotation plans

The group was formed after the merger or P-Solve and River and Mercantile Asset Management. It said the IPO would include new and existing ordinary shares on offer to certain institutional and professional investors. The business provides a range of services, from consulting and advice to fully-delegated fiduciary and fund management. It has a predominately UK-based client roster, made up of institutional pension schemes, retail financial intermediaries and insurance companies. The business had £8.4bn of assets under management in its fiduciary management and equity solutions divisions...