S&W seeks IPO after Rathbones abandons merger plans

'Unable to agree terms'

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 S&W seeks IPO after Rathbones abandons merger plans

Rathbones has abandoned plans for a £2bn tie-up with rival wealth manager Smith & Williamson, leading the firm to seek out options for a potential stockmarket listing instead.

In a statement issued on Thursday evening, Rathbones said the deal, which would have created a major new player overseeing £56bn of assets, would not go through. The firm did not say why talks had collapsed,...

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