IPO values Transact parent at £650m
Shares to start trading on 8 March
The offer price for the IPO of IntegraFin Holdings, which provides platform services to UK financial advisers and their clients through Transact, has been set at 196p a share, valuing the business at almost £650m.
In an announcement this morning, IntegraFin revealed the initial public offering (IPO) would comprises 90,631,302 existing shares, representing some 27% of the company's total issued share capital on admission...
More on Wrap/platforms
OMW's Mugridge on final migration: 'No champagne cork popping just yet'
Final migration this weekend
Richard Denning named Ascentric chief executive
M&G bought Ascentric in 2020
Chris Smeaton: From James Hay to Nucleus… all roads lead to FNZ
Lessons from Bridgerton
Private equity-owned James Hay buys rival Nucleus for £145m
Nucleus will eventually re-platform
More news
Timeline enters fact find and risk profiling markets
Launches soon
Colin Simmons: Putting lockdown savings to tax-efficient use
Pension boost from lockdown pain
Chancellor Sunak 'likely' to freeze lifetime allowance - reports
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Ascot Lloyd grows war chest to £100m after deal with US investment group
Made 12 acquisitions in 2020
