W&G Investments, the firm established to bid for retail and corporate banking assets from Royal Bank of Scotland, is set to list on London’s Aim exchange on August 20.
It will raise £15m from the IPO, its entire market capitalisation.
If it buys the assets it will use a reverse takeover structure. Two other firms are also thought to be bidding for the assets.
If W&G has not completed the acquisition six months after listing, it will