Manchester firm fires starting gun on £500m Stock Market flotation
Manchester based investment firm AJ Bell has has fired the starting gun on its £500m flotation on the Stock Market.
The announcement came on the day that the company announced profits of £28.4m for the last 12 months.The company will publish registration documents for its IPO later today.
As expected AJ Bell’s 750 staff and 183,000 customers will be offered the chance to buy shares.
AJ Bell reported revenues up 19% to £89.7 million, profit before tax up 31% to £28.4 million and a 29% increase in basic earnings per share... For the full story register now for free or login below...