Transact sees consistent flows post-IPO - should others take confidence?

'Fear of missing out'

Tom Ellis
clock • 2 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read