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 to the main market of the London Stock Exchange, valuing the share offer at £177.6m. Dealing in the shares is expected to start on 8 March, IntegraFin said, adding: "The implied market capitalisation of IntegraFin at the commencement of conditional dealings will be approximately £649.4m." IntegraFin Holdings was founded in April 1999 and launched the first UK adviser platform in...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
