Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
IntegraFin to be valued at c£650m at IPO
The owner of the Transact IFA technology platform has confirmed the price of its IPO (initial public offering) at 196p. IntegraFin’s stock marketing listing on 2 March will value the business at £649.4m.
Transact currently serves more than 150,000 clients on behalf of over 5,100 financial advisers. It has approximately £29.7bn of funds under direction, as at the end of 2017.
IntegraFin looks likely to qualify for the FTSE 250 index later this year. (DC)