IPO values Transact parent at £650m

Shares to start trading on 8 March

Julian Marr
clock • 1 min read

The offer price for the IPO of IntegraFin Holdings, which provides platform services to UK financial advisers and their clients through Transact, has been set at 196p a share, valuing the business at almost £650m.

In an announcement this morning, IntegraFin revealed the initial public offering (IPO) would comprises 90,631,302 existing shares, representing some 27% of the company's total issued share capital on admission to the main market of the London Stock Exchange, valuing the share offer at £177.6m. Dealing in the shares is expected to start on 8 March, IntegraFin said, adding: "The implied market capitalisation of IntegraFin at the commencement of conditional dealings will be approximately £649.4m." IntegraFin Holdings was founded in April 1999 and launched the first UK adviser platform in...

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