Transact's first quaterly flows data published post-IPO on Tuesday showed good consistency and its stock has risen almost 50% since its float three months ago, so how does that bode for other adviser platforms looking ahead to their own IPOs?
Transact's parent firm IntegraFin holdings floated on the London Stock Exchange on 2 March at a value of £650m and its share price has since risen by around 45% in the few months since. The firm's 2018 Q3 results closely mirrored its 2017 Q3 results, with inflows totalling £1.47bn in the last quarter versus £1.39bn in 2017. Net flows for 2018 Q3 were £0.96bn versus £0.93bn in 2017 from the beginning of April through to the end of June. Transact CEO Ian Taylor said the firm reported "another solid funds under direction update". Nucleus' IPO is imminent while AJ Bell is reportedly eyein...
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