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 [...]
Aldermore IPO: Challenger bank plans to win round buyers for float November 10, 2014 Challenger bank Aldermore plans to equal or even exceed its previous flotation plans when it comes back to the market to sell shares, its boss told City A.M. yesterday. The lender had to pull its initial public offering (IPO) last month when market conditions suddenly turned against it. But chief executive Phillip Monks said he [...]
Challenger bank Aldermore says IPO will still happen as lending lifts November 10, 2014 Challenger bank Aldermore, which pulled the plug on a planned London Stock Exchange listing last month, has posted promising third quarter results. Aldermore's total lending rose by 10 per cent in the third quarter, taking it to a 30 per cent increase since the beginning of 2014. This helped lift third quarter pre-tax profit [...]
Aldermore IPO flops as market flattens but Virgin Money pushes ahead with flotation plans October 15, 2014 Aldermore's advisers approached investors with a cut-price offer in a last- ditch bid to save the challenger bank’s stock market float, but failed to pick up enough sales, City A.M. understands. The firm pulled its initial public offering (IPO) yesterday, blaming “the recent deterioration of global equity markets”. The bank approached the IPO [...]