AJ Bell considers IPO – report

Investment platform AJ Bell, which sits on assets under administration of close to £40bn ($55.8bn, €45bn), is considering plans to float on the public market, according to reports.

AJ Bell considers IPO - report

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In the same week the firm announced the launch of an actively managed model portfolio service, Sky News has reported it held a beauty parade of investment bankers in recent weeks to prepare for an initial public offering.

However, it is understood the firm, which saw a 29% increase in profits before tax in 2017, is unlikely to go public until at least the fourth quarter of this year.

At present, the firm’s founder, Andy Bell, controls 28% of the company, Invesco Perpetual owns 37% and Woodford Investment Management holds 8%.

AJ Bell said it would not comment on the speculation.

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