Nucleus Financial is understood to be the third platform company this year seeking to float, according to reports, while Transact has floated on the London Stock Exchange today.
According to Sky News, Nucleus could float in the next three months in an IPO that values the firm at more than £100m. The firm, which is led by chief executive David Ferguson, has £13bn in assets under management and thousands of IFA clients. A float would be unlikely to involve Nucleus selling new shares but would allow it to provide liquidity for shareholders. It has previously considered an IPO in the past but has now begun formal preparations and is believed to have appointed Shore Capital as broker. A spokesperson for Nucleus said: "We are on record as saying our sharehol...
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