Godfrey's The People's Trust scraps listing plans after falling short of fundraising target

Had a fundraising target of £125m

Daniel Godfrey's widely anticipated The People's Trust no longer intends to list on the London Stock Exchange and the Social Stock Exchange, as it has failed to reach its fundraising target of £125m.

The launch had been approved by the Independent Impact Panel and the trust was set to list its shares on the Social Stock Exchange and London Stock Exchange on 17 October. It was aiming to raise £125m for the offer period closing on 10 October at a share price of 100p.  Its founder Godfrey, former chief executive of the Investment Association until his departure in October 2015, said: "The People's Trust offered a unique and attractive investment proposition and had attracted a great deal of interest and support. Not least from 2,500 Founders, who collectively contributed over £100,00...