AJ Bell has revealed the details of its planned initial public offering (IPO), which is set to go ahead in December or the beginning of 2019.
The platform business, which has popular D2C and advised propositions with a combined £42bn AUA, said it wanted to reward its long-term client base and is letting its customers have access to the IPO. Those who have an account with AJ Bell by 15 October will be able to apply for shares in the company at the end of November, or early in December, if the IPO goes ahead as planned in December. Customers will have to buy at least £1,000 of stock and share allocations remain subject to the level of demand of the IPO. AJ Bell chief executive Andy Bell (pictured) said the firm could not give...
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
