Just Retirement brings second IAU IPO of 2013
Just Retirement, the UK specialist life insurer that announced its intentions to list in London on Thursday, may benefit from following its peer, Partnership Assurance, despite the rocky performance of the latter since its IPO in the summer.
The pricing and targeted investor audience of Just Retirement’s IPO, which will see the firm raise at least £300m, may echo Partnership’s £485m float from June.
“Partnership is undoubtedly the principal comparable for this deal,” said a banker close to the Just Retirement transaction. “Investors will draw their
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