What do IPOs mean for the future of platforms?
With a recent spate of initial public offerings (IPOs) and planned listings from Transact, AJ Bell and Nucleus, industry experts share their thoughts on what this means for the future of platforms.
IPO
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Deutsche Bank eyes €1.8bn asset management IPO
Deutsche Bank has set a price of €7.2bn (£6.4bn, $8.9bn) on its asset management arm, DWS, as it details the price per share for its partial listing on the subsidiary.
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Transact receives premium listing in £650m IPO
The parent company of investment platform Transact has been admitted to the London Stock Exchange’s main market for listed securities.
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Deutsche Bank confirms €2bn asset management IPO
Deutsche Bank has confirmed plans to list its asset management division DWS on the Frankfurt Stock Exchange for €2bn (£1.76bn, $2.45bn).
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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.
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Online insurer ZhongAn eyes life market
Online-only insurer ZhongAn Online Property and Casualty Insurance is planning to offer life insurance and healthcare products to accelerate growth after going public in Hong Kong.
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South Korea’s ING Life Insurance applies for IPO listing
Seoul-based ING Life Insurance Korea, South Korea’s fifth-largest life insurer, has applied for an initial public offering (IPO).
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Deutsche Bank in asset management spin-off rumours
Deutsche Bank is working on an initial public offering of its asset management division to rebuild its capital position, the Financial Times has reported.
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Premier AM confirms £140m IPO
Premier Asset Management has confirmed its IPO with existing shareholders, including Electra Partners, set to retain a controlling 54.4% of the business.
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OMW denies shelving IPO over platform costs
Old Mutual Wealth has denied reports that it is looking at cancelling its planned listing on the London Stock Exchange due to runaway costs of upgrading the technology behind its platforms.
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Premier AM explores £200m LSE listing
Premier Asset Management has hired stockbrokers to look into the possibility of listing on the London Stock Exchange, according to media reports.
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Harwood Wealth announces IPO, targets AIM listing
Harwood Wealth Group, a UK-based discretionary wealth manager, said on Friday it plans to launch an initial public offering and list on the AIM market of the London Stock Exchange.