Partnership valued at £1.5bn for IPO

Jenna Towler
clock

Partnership Assurance Group, the enhanced annuity specialist, has set its offer price at 385p per share meaning its implied market capitalisation for its initial public offering (IPO) is £1.5bn.

It is expected the group will be eligible for inclusion in the FTSE 250 index from September and conditional dealings on the London Stock Exchange are due to start today at 8am.  Its offer size ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB schemes see improved funding levels in December, Broadstone finds

DB schemes see improved funding levels in December, Broadstone finds

Consultancy says 50% hedged scheme saw ‘significant improvement’ in funding position

Martin Richmond
clock 08 January 2025 • 2 min read
New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

Pressure group lobbying MPs and ministers to state its case for investigation into issue

Professional Pensions
clock 27 December 2024 • 1 min read
Partner Insight: UK risk settlement market – A look back over 2024

Partner Insight: UK risk settlement market – A look back over 2024

Martin Bird, Senior Partner & Head of Risk Settlement, Aon
clock 23 December 2024 • 4 min read
Trustpilot