London-based private equity firm Bridgepoint has announced an initial public offering (IPO) that will float its shares on the London Stock Exchange. Find out how to get involved in the UK’s largest listing of a buyout firm in decades and how to trade on newly listed Bridgepoint shares via spread bets and CFDs with us.
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Investors are expecting it to take place on 21 July 2021. The company was founded in 2000 after a management buyout from NatWest Group, leading to its own independence and re-branding to Bridgepoint. It will join a rare and small number of publicly traded buyout groups on the London Stock Exchange.
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Bridgepoint has set an estimated share price of between 300p and 350p. It plans to float approximately one quarter of its shares to the public, raising around £300m in the process. This includes the sale of £200m from existing shareholders. A further 15% are expected to be available if a “greenshoe” option is exercised. The IPO should value the company at an estimated £2.9bn.
Access over 9,000 shares on our platform, which will include Bridgepoint’s new listing.
2. Choose your trading product
You can either spread bet, which is tax-free in the UK*, or trade CFDs on the price movements of Bridgepoint shares.
3. Pick a trading strategy
Choose whether you want to go long (buy) or go short (sell). Please note that some trading restrictions may apply on initial trading.
4. Consider risk-management
Applying stop-loss orders can help to close you out of positions when the stock market is volatile and there is gapping or slippage on stock market charts.
The buyout group currently has around €27.4bn of assets under management across equity and debt funds, which has tripled since 2011. According to Bridgepoint’s annual review report, its total operating income rose to £191.8m in 2020, up from £144.8m in 2018. Its underlying profit measured as earnings before interest, tax, depreciation and amortisation also rose from £43.3m to £66.1m.
Bridgepoint claims that it has made “significant further profitable growth” so far in 2021. In particular, its recent Bridgepoint Development Capital IV fund closed its £1.6bn fundraiser in September 2020, while the company’s credit and direct lending funds are also raising new money.
Private equity firms have surged in popularity among investors in recent years, as financial institutions such as pension funds are looking to achieve better returns in the low interest rate environment.
Some of the largest private equity firms listed on the London Stock Exchange include 3i Group (III) and Intermediate Capital Group (ICP). These have been public for almost 20 years and have a combined market capitalisation of around £18bn. Other international competitors include EQT, Blackstone, Lion Capital and BC Partners.
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Who are the underwriters for Bridgepoint’s IPO?
JPMorgan and Morgan Stanley are working as joint global coordinators on Bridgepoint’s IPO, and BNP Paribas, Citigroup and Merrill Lynch are acting as joint underwriters.
How can I trade on Bridgepoint stock?
Open a trading account to start trading on newly listed Bridgepoint shares. They will become available once listed on our platform and you can choose to speculate on the company’s price movements through spread bets or CFDs.
How can I receive alerts for Bridgepoint’s IPO?
Register with us to receive trading alerts on upcoming IPOs and news releases. Choose between receiving email and SMS notifications via desktop or our mobile app.
What other companies are having an IPO?
Visit our guide on upcoming IPOs to find out which companies are going public this year, along with recent IPOs and new stocks that are available to trade on via our platform.
Register for an account to get started. Once the shares are available on our platform, you will be able to spread bet or trade CFDs on Oatly’s share price.