Equiniti Raises £300 Million in London IPO as Market Heats Up

The London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE) has seen its second marquee initial public offering (IPO) in as many days, this time with Equiniti looking to raise approximately $484.4 million (£315 million) from its London IPO.

Yesterday, the LSE saw the rollout of the largest UK IPO since 2013 when Worldpay, a British payment processor, moved ahead with its plans to raise a staggering $3.8 billion (£2.5 billion). Worldpay’s valuation was at an aggregated price of $9.6 billion (£6.3 billion), which included $2.3 billion (£1.5 billion) of net debt. The figure also represented a lower sum takeover bid by Ingenico, which saw its offer of over $10 billion (£6.6 billion) rejected earlier this year. The two new IPOs are emblematic of a growing consensus that the market is heating up in the UK after what has been by and large a lackluster Q3 for listings.

Equiniti has carved out a niche as the handler of the majority of dividend Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term made by FTSE 100 companies. Equiniti traces its roots back to the initial creation of the British Army’s paymaster general in 1836.

The payments specialist has set an initial range of 165p-200p for its IPO, which gives the group a market capitalization of up to $922.7 million (£600 million) after listing. Equiniti has also announced that the IPO proceeds will likely be used to help mitigate any debts and inherent costs of the flotation.

In addition, IPO Advent International, a private equity group that controls Equiniti, will also be taking a $115.3 million (£75.0 million) stake in the listed company, thus remaining its largest shareholder.