Aldermore IPO decision shows how little appetite there is from anything but exceptional unlisted companies October 15, 2014 The decision by advisers to Aldermore, the lender to small businesses, to pull its flotation is the most high profile collapse in the new issues market this year, reflecting widespread concerns that there is little appetite left in London market for anything but exceptional unlisted companies who wish to raise new funds. The group, [...]
Aldermore pulls IPO citing “deteriorating global markets” October 15, 2014 Challenger bank Aldermore has pulled its IPO, citing “the recent deterioration of global equity markets”. City A.M. reported the company was on the brink of rowing back on its plans last night. The flotation, which would have valued the company at £800m, had been hit by choppy and volatile markets, combined with a [...]
Aldermore IPO on the brink October 14, 2014 The flotation of Aldermore, the challenger bank focused on small business lending, was on the brink of collapse last night. Aldermore, which is trying to raise funds in the market at the same time as the retail challenger bank Virgin Money, has faced a tough time during its marketing period. Demand has been [...]
Royal Mail IPO share price: One year on – will Vince Cable have the last laugh? October 9, 2014 The pressure on business secretary Vince Cable to admit that the government made a mistake pricing Royal Mail shares at 330p has been steadily building since the company floated a year ago. On the first day of conditional trading, shares soared 38 per cent, having already opened at 403p. This increase, coupled with fevered appetite [...]
Ordinary investors are losing out in the rush for cut-price flotations October 9, 2014 THE MASS market British Gas and BT privatisations of the 1980s created a whole new generation of investors and, 30 years on, the next generation is waiting in the wings. With many companies – including high profile public brands – keen to save flotation costs, however, retail investors are being ignored and denied the opportunity [...]
British Car Auctions looking to raise £200m in November IPO October 6, 2014 British Car Auctions (BCA), owner of online car buying service webuyanycar.com, is preparing to float on the stock market. The company, which operates in 12 European countries as well as Brazil, is aiming to raise around £200m through placing at least 25 per cent of its issued share capital. John Olsen, chief executive [...]
Jimmy Choo IPO ‘to value shoe label at £700m’ October 6, 2014 Luxury shoe company Jimmy Choo could land on the London Stock Exchange with a top valuation of £700m – less than originally expected, according to reports. The high end label, a favourite of Sex and The City star Sarah Jessica Parker, is looking to issue a quarter of its share equity with an initial [...]
Webuyanycar owner BCA gears up for London IPO October 6, 2014 Britain's largest car auctioneer BCA has confirmed plans to list on the London Stock Exchange, in a move that would value the business at £800m. Blackbushe-based BCA, which acquired webuyanycar.com last August, is looking to raise £200m by issuing a quarter of its equity. The company said the proceeds would be used to pay [...]
Miller Homes cancels IPO, citing “financial market volatility” October 3, 2014 After Nationwide reported a dip in house prices, Miller Homes has offered more evidence that the housing market may be slowing. The developer has cancelled its IPO, citing market conditions: In light of the recent financial markets volatility, the Shareholders of Miller Group have elected not to proceed at this time with a public offering [...]
Aldermore IPO to value challenger bank at around £800m October 3, 2014 Aldermore has set a price range for its initial public offering that will value the challenger bank at around £800m. The price for the IPO will be set at between 217p and 265p per ordinary share. Trading is expected to begin as soon as 17 October. The five-year-old bank announced half-year profits of [...]