IntegraFin Holdings, which provides platform services to UK financial advisers and their clients through Transact, has announced its intention to float on the London Stock Exchange.
According to IntegraFin, the move will enable selling shareholders to realise some or all of their investment; create a liquid market in the ordinary shares for existing shareholders; and provide the company with access to capital markets, if required, "to aid future growth". It added the executive directors of the company, the chairman and certain other shareholders were expected to enter into "customary lock-up arrangements" with respect to their shareholdings for specified periods of time following the initial public offering (IPO). The company and its advisers have approached the ...
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