AJ Bell stock falls after £124m Invesco sale spooks market
Shares in AJ Bell, the UK stockbroker, fell heavily in trading on Friday after Invesco sold a 7.6% stake in the company following first quarter results.
Numis was the sole bookrunner on the deal for around 31m shares worth just under £124m.The sale by Invesco, which was a pre-IPO shareholder in AJ Bell, was almost its entire stake in the company; it retains a 0.3% holding in AJ Bell. Invesco sold the ...
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