Financial advisory business to raise £50m in AIM float
Financial advisory business Tatton Asset Management plans to raise more than £50m through an initial public offering on AIM next month.
Founded in 2007, Tatton Asset Management provides services to the FCA authorised financial adviser marketplace.
Based in Wilmslow, Cheshire, the business employs more than 4,000 advisers, with revenues of £11.9m in the year to 31st March 2017 and an operating profit of £5.5m.
The flotation is expected to value the company at £87.2m and marks a partial exit for the existing shareholders, a... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
