Nucleus goes public and lists on AIM

Initial value of £140m

Nucleus has listed on the Alternative Investment Market (AIM) at an expected market capitalisation of £140m.

Dealing on the platform company's shares begun at 8am on Thursday at a placing price of 183p. The gross proceeds of the listing receivable by the selling shareholders could be more than £32m.  The firm, which has more than £14bn assets under administration, said 22.9% of the issued ordinary share capital was sold pursuant to the placing. "This is an important milestone as we continue our work to support and promote the strategic alignment of advisers and their customers," said chief executive David Ferguson. "It's great to see so many institutional investors believing in the growth...