Invesco cashes in on AJ Bell performance with £144m share sale

By Aidan Gregory
07 Jun 2019

Invesco has cut its stake in AJ Bell, the Manchester-based investment platform, after the stellar performance of the stock since the company listed on the London Stock Exchange in 2018.

Numis Securities, the IPO advisor, was bookrunner on the placing.

Invesco sold 38m shares, a 9.3% stake, at 380p – a discount of 5% to the closing price of AJ Bell on Thursday night. Invesco’s stake in AJ Bell has fallen to 16.1% as a result of ...

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