AJ Bell goes public and lists on London Stock Exchange

160p per share

Hannah Godfrey
clock • 1 min read

AJ Bell has listed on the main market of the London Stock Exchange at an expected market capitalisation of around £651m.

Investors will be able to purchase shares at 160p per share. The offer comprises of 108,264,032 existing shares, representing 26.6% of the company's issued share capital. Dealing on the investment company began at 8am on Friday morning (7 December) for AJ Bell customers who qualified to purchase company shares. Investment will be available to the wider market from 8am on Wednesday 12 December.   The listing will raise total net proceeds of approximately £169.3m for the selling shareholders.  In September AJ Bell confirmed qualifying customers in the UK will be able to apply for sha...

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 Your profession

PFS writes to members to seek reasons behind AGM rebel vote down

PFS writes to members to seek reasons behind AGM rebel vote down

Board intends to consider feedback ahead of 4 December meeting

Isabel Baxter
clock 18 November 2024 • 2 min read
Analysis: Advice M&A continues apace as FCA review looms

Analysis: Advice M&A continues apace as FCA review looms

Firms taking very different approaches to buying and selling

Isabel Baxter
clock 18 November 2024 • 7 min read
Mansion House speech was 'an effort to shake up the sector'

Mansion House speech was 'an effort to shake up the sector'

The start of a ‘long line of positive developments’

Isabel Baxter
clock 18 November 2024 • 2 min read