Ebury, the funds firm backed by Spanish banking big Santander, is drawing up plans to revive a £2bn London flotation within the first half of subsequent yr.
Its authentic plan to go public earlier this yr was derailed by the market volatility brought on by President Donald Trump’s international tariffs regime, with the IPO window not being deemed sufficiently open this autumn to render an Ebury flotation viable.
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Metropolis sources mentioned that the spring of subsequent yr was now being mentioned between Ebury’s board and bankers as a possible launch date.
Ebury, which handles cross-border funds for small companies, is predicted to hunt a valuation of round £2bn, with Santander considered unlikely to proceed with an IPO if that determine just isn’t attainable.
Banks together with Barclays, Goldman Sachs and Peel Hunt have been engaged to work on the deal.
Bruce Carnegie-Brown, the Metropolis grandee who till lately was chairman of Lloyd’s of London, was appointed final yr as Ebury’s chairman.
The funds agency is one in every of a cluster of corporations whose flotations in London might spark a broader revival of the Metropolis’s IPO pipeline after a protracted fallow interval.
Among the many different itemizing candidates are Shawbrook Group, the financial institution, and New Princes, the canned meals producer.
Ebury declined to remark.
