Nucleus Financial is to float in London next week in a deal that "could value it at £150m", according to reports. The platform, which has thousands of IFA clients, has more than £13.5bn of assets under administration.
According to Sky News, Nucleus intends to unveil an initial public offering on the junior AIM market on Monday, with the deal involving raising "about £25m" from the sale of shares in the Edinburgh-based business. Why the sudden craze for platform floats? Reports in March indicating Nucleus - which is led by chief executive David Ferguson (pictured) - would float this year suggested it would be unlikely to involve the company selling new shares but would allow it to provide liquidity for shareholders. This coincided with IntegraFin Holdings, which runs the ...
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