GoCompare float is go after shareholders approve Esure demerger

 
William Turvill
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Analysts expect GoCompare.com to be valued at around £400m (Source: Gocompare.com)

GoCompare.com shares are set to list on the London Stock Exchange this week after Esure shareholders voted in favour of a demerger this week.

The price comparison website is expected to float on the main market at 8am on Thursday.

Read more: Meet the companies preparing to brave London's stormy IPO market this week

The GoCompare.com listing follows Convatec’s initial public offering (IPO) on Monday.

Two investment trusts, social housing-focused Civitas and a Bellevue Asset Management vehicle targeting healthcare, are planning floats in the coming weeks.

But the floats come after a difficult October for the London flotation market, with Pure Gym, TI Fluid Systems and Misys all pulling IPOs after failing to find sufficient investor interest.

Read more: Social housing investment trust plots £250m-plus IPO this month

Esure first announced plans for a demerger with GoCompare.com in mid-September.

The company confirmed the vote would take place today, and the listing of GoCompare shares on Thursday, in mid-October.

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