BlueBay Asset Management, one of Europe’s largest credit hedge funds, has announced its intention to list on the London Stock Exchange before the end of the year.
The initial public offering (IPO) will list 25% of the firm’s shares, and institutional shareholders Barclays Bank and Shinsei Bank, who hold 30% of the shares, could be in for a windfall of up to £150 million. BlueBay co-founders Mark Poole and Hugh Willis are not expected to sell their stakes.
“The IPO has been a long-term strategic i
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