Home Business NewsBusinessBusiness Growth Bridgepoint set for IPO reportedly set to value the group at £2bn

Bridgepoint set for IPO reportedly set to value the group at £2bn

by LLB Finance Reporter
29th Jun 21 12:15 pm

The private equity firm Bridgepoint are set to float on the stock market which will value the group at around £2bn.

Bridgepoint are looking to float at least a quarter of their shared to raise £300m for the IPO which will pay down debts and boost cash.

William Jackson, executive chairman of Bridgepoint, said, “The company has been on its own journey of growth and diversification, increasing its total assets under management from 9 billion euros (£7.7 billion) in 2011 to 27.4 billion euros (£23.5 billion) as of 31 March 2021.

“Today, Bridgepoint has an increasingly global footprint across Europe, North America and Asia.

“We expect this strong growth to continue in the near and longer-term as we continue to develop our existing strategies and further broaden our platform.”

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