Foresight prices IPO at £455m market cap

The firm announced its intention to proceed with the IPO on 12 January 2021 and has priced its IPO at 420 pence per share.

The listing comprises 8,333,333 new shares, which is expected to raise gross proceeds of £35m, and the sale by existing stakeholders of 45,712,987 shares, which is expected to raise gross proceeds of £192m. This represents approximately 50% of Foresight Group's issued share capital and equates to a total offer size of £227m.

Trading for the multi-asset fund manager commenced on 4 February 2021. The firm is currently investing from a series of VCT funds and institutional funds.

Jefferies is acting as joint global coordinator.

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