Aldermore officially announces flotation for early October
By Matei Rosca"It is expected that Admission will take place in October 2014 and that, following Admission, the Company will be eligible for inclusion in the FTSE UK indices," says the bank's press release.
"It is expected that Admission will take place in October 2014 and that, following Admission, the Company will be eligible for inclusion in the FTSE UK indices," says the bank's press release.
The Peterborough-based challenger bank will seek to raise £75 million on the stock market in order to grow its business in the medium term.
Said CEO Philip Monks: "Now in our sixth year of growth, becoming a public company is the natural next step in Aldermore's evolution and positions us for the next stage of our development through greater access to the capital markets and enhanced profile for our brand."
Read the full London Stock Exchange news bulletin here.
Keywords: aldermore, IPO, aldermore bank, aldermore plc,