Addleshaw Goddard's corporate team in Manchester and London is advising investment bank, Numis, on the Initial Public Offering (IPO) of AJ Bell – one of the largest online retail investment platforms in the UK.
Manchester-headquartered AJ Bell is looking to float on the Main Market of the London Stock Exchange in December, in what is set to be one of the largest UK IPOs this year.
Addleshaw Goddard has been mandated as the legal adviser to Numis in its role as sponsor, financial adviser, sole bookrunner and broker to AJ Bell.
The team advising Numis on the deal is led by partners Giles Distin (London) and Richard Lee (Manchester) and includes Jeremy Cruse, Jenny Crossan, Lauren Scott and Isabelle Kilner, advising across Addleshaw Goddard's London and Manchester offices.
The AJ Bell IPO is one of eight Main Market or AIM IPOs on which Addleshaw Goddard has advised in the last two years, including, amongst others, the IPOs of Mind Gym, Sumo Digital, The City Pub Company and Ramsdens.
Giles Distin, said: “We're extremely pleased to have advised Numis, the sole investment bank advising on the AJ Bell IPO. Whilst UK IPO activity has generally been more muted this year, partly due to volatile market conditions and fears around Brexit, several sizeable and successful businesses have managed to complete a flotation. Like Numis, which has remained very active in the IPO market this year, we're pleased to have been busy throughout 2018 advising on IPOs and other equity capital markets work.”