From Aldermore to Autotrader, flotation fever’s back as IPO returns jump to 8.1 per cent April 1, 2015 The 10 UK stock market floats conducted this year have generated an average return of 8.1 per cent, according to figures released yesterday by financial services firm Deloitte. As of 31 March, these 10 initial public offerings (IPOs) – which include challenger bank Aldermore and Autotrader – had outperformed the FTSE 100. Their 8.1 per cent [...]
Aldermore Group chairman Glyn Jones steps down from Direct Line board March 16, 2015 Aldermore Group chairman Glyn Jones is stepping down from the board of Direct Line, after the challenger bank's IPO last week. Jones, who is currently a senior independent director at the insurance group, is also chairman of Aspen Insurance Holdings, which is listed in New York. As he is now chairman of two listed [...]
Aldermore share price jumps on its first day of trading March 10, 2015 Shares in Aldermore rose 10 per cent to 212p as its first day of conditional trading began on the London Stock Exchange this morning. The challenger bank priced its offering of 34.8 per cent of issued share capital at 192p per share, near the top of its 155p-195p range. The price gave it a market [...]
Challenger bank Aldermore covers books on IPO March 3, 2015 Challenger bank Aldermore has covered the books on its initial public offering, early in the first day of its bookbuild, City A.M. understands. The lender had to postpone its flotation late last year on choppy market conditions, so will be relieved to have had such a warm hearing from investors this time around. [...]
Aldermore pulls trigger on float for second time February 24, 2015 CHALLENGER bank Aldermore yesterday revived plans to list shares on the London stock market – four months after it originally shelved proposals due to market turbulence. The outfit abandoned a flotation last October in the wake of a seven per cent slump in London’s stock markets amid fears of a global slowdown, but has now [...]
Aldermore confirms plans to IPO (again) February 24, 2015 Challenger bank Aldermore has dusted off its IPO plans, which it scrapped in October, confirming its intention to float on the London Stock Exchange. The bank, which specialises in lending to small businesses, is thought to be gearing up to raise £75m through the flotation, representing approximately 40 per cent of the issued share capital [...]
Aldermore IPO: Challenger bank geared up to unveil £75m stock market float today February 23, 2015 Challenger bank Aldermore is set to reveal plans today for a stock market listing worth £75m. The company’s board met yesterday to rubber-stamp the announcement, a source close to Aldermore told Sky News. Backing is already provisionally in place from a number of blue-chip institutions. The initial public offering (IPO) to be announced will seek [...]
Profits double at Aldermore ahead of float February 17, 2015 CHALLENGER bank Aldermore reassured potential investors by doubling profits over 2014, in an important declaration of strength after it had to cancel its stock market flotation last year. Pre-tax profits surged to £56m for the year and return on equity climbed to 19 per cent for the second half of 2014. Aldermore’s net loans increased [...]
Aldermore profits double in the run-up to its IPO February 17, 2015 The figures Pre-tax profits at challenger bank almost doubled to £56.3m in 2014, the bank – which is on the brink of listing on the stock exchange – said this morning. You can see why it wants to list: deposits jumped 29 per cent to £4.5bn, while net lending to businesses and home owners up 42 [...]
Aldermore IPO: Challenger bank plans to cut flotation price February 16, 2015 Aldermore is planning to offer shares for a knock-down price to make sure the bank’s stock market debut goes smoothly this time around, City A.M. understands. The challenger bank tried to float last September, but sudden market turmoil spooked investors and forced the lender to cancel the sale. This time around Aldermore hopes that strong [...]