Online pension provider becomes latest firm to announce London IPO with market value put at £350m
PensionBee, an online pension provider, has become the latest company to announce plans to float on the London Stock Exchange, with an estimated market value of £350m.
The firm, which helps savers consolidate their old pensions into one new plan, aims to sell shares to institutional investors as well as its 130,000 active customers. It wants to list on the London Stock Exchange’s main market, which requires firms to have a market value of at least £300m at admission.