MJ Hudson lists in £97m London IPO

The firm's market cap stood at £97.6m at the time of the listing. Senior management did not sell shares in the IPO; they invested further and will maintain a significant holding in the business, CEO Matthew Hudson said in a statement.

Odi Lahav, MJ Hudson's chief operating officer, told Unquote the firm plans to grow to a market capitalisation of at least £1bn.

The listing has seen Cannaccord Genuity, Danske Bank and Capital Group invest, as well as Killick & Co, Gresham House and Somers Group remaining invested.

The fresh capital is intended for investment in growth, technology, people and potentially new services. Lahav said: "We're pursuing an active M&A agenda with a focus on the US and the UK." The firm is expected to close a pre-announce acquisition in the coming weeks.

Established in 2010, MJ Hudson services fund managers, investors and advisers in both traditional and alternative asset classes. Its services include legal advice, fund management, international administration, investment advisory, and data and analytics.

It has 182 staff working out of offices in London, continental Europe and North America.

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