Curtis Banks floats on AIM with £85m market cap

The firm operates a portfolio of 26,000 SIPPs and is one of the largest players in the market. Trading in its ordinary shares began when markets opened this morning. A note to the stock exchange said the company had raised £7.5m (before expenses) through conditional placing by the company through stockbroker Peel Hunt. Total issued share capital of the company is 44,747,369, giving the company a market capitalisation at the placing price of about £85m. Curtis Banks, which has been in the market since 2009, also operates the Pointon York SIPP Solutions business. The group employs...