AJ Bell stock falls after £124m Invesco sale spooks market

stock_down_Adobe_575x375.jpg
By Sam Kerr
22 May 2020

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial