Mortgage Advice Bureau completes Aim flotation

By Jon Hay
11 Nov 2014

Mortgage Advice Bureau, the UK mortgage broker network, priced its IPO on Aim on Tuesday morning at 160p a share, valuing the company at £80.8m.

Canaccord Genuity handled the placing as nominated adviser and broker. The sale of a 45% stake by founding shareholders and management did not include any new shares, and fetched a total of £36.344m.

“It went very well,” said Lucy Tilley, director at Canaccord in London. “We got a ...

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