Chrysalis-backed Smart eyes future London IPO

AUM of over £8bn

Chrysalis-backed pension tech start-up Smart is aiming to make an initial public offering on the London Stock Exchange in the near future.

The company will be looking to float within the next 18 month to four years, people familiar with the matter told Investment Week, after doubling its assets under management to over £8bn. It has also secured $95m in funding to finance its next steps, and has recently acquired US-based savings and retirement solutions provider ProManage. Chrysalis: Portfolio funding risk 'substantially reduced' amid progress towards profitability The current IPO timeline could change according to market conditions and other external influences, the people said. The company is one of the UK's larg...