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Bridgepoint's IPO

How to trade Bridgepoint shares

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.

UK flag logo
FCA regulated
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Segregated funds
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LSE listed

21 July

Bridgepoint is to launch its IPO

£2.9bn

Bridgepoint's valuation

300-350p

Bridgepoint's share price

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When will Bridgepoint’s IPO take place?

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.

Keep up to date with a list of upcoming IPOs and new stocks that will be available on our platform.

Bridgepoint’s estimated share price and valuation

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.

How to trade on the upcoming Bridgepoint IPO

1. Register

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.

What do Bridgepoint’s financials look like?

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.

Why may investors be interested in trading on Bridgepoint?

Bridgepoint has invested in many successful European businesses within recent years, including Pret A Manger, Hobbycraft and Burger King. Its main focus is on acquiring businesses worth up to €1bn, and it also operates a second business that specialises in smaller-cap businesses that are worth up to €200m. This means that its assets are spread over multiple values and industries, equalling a more diverse investment portfolio.

UK buyout firms tend to remain private as they are often still run by their management or parent companies, so Bridgepoint’s IPO is a rare occurrence in the market. This takes a more US-based approach, where private equity firms such as Blackstone and KKR have been public for more than 10 years.

Bridgepoint completed a number of acquisitions before its IPO announcement, including a minority stake in Itsu and Fenergo. In March 2021, it also made one of the biggest software deals in Europe to sell Calypso for around $3.7bn. The company plans to use the funding raised in the IPO to expand into property and infrastructure, as well as its presence in the US, suggesting some exciting business deals ahead.

Potential risks for Bridgepoint’s IPO

Bridgepoint faces competition from many large rival businesses, which has increased the overall costs of acquiring new assets and pressuring returns. Under these pressures, the company sold a stake to Dyal Capital Partners (now known as Blue Owl) in 2018.

Buyout groups are currently targeting businesses that have suffered due to the Covid-19 crisis. This presents a level of risk, as it is investing in potentially distressed assets who may not stay afloat, rather than those with stronger financials and stability. However, this could go either way, as Bridgepoint’s stake in the business may help to redeem its original value before the pandemic.

Who is Bridgepoint’s competition?

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.

Open an account to trade on Bridgepoint’s competitors >

Why trade on Bridgepoint’s IPO with CMC Markets?

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FAQS

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.

Trade on Bridgepoint stock with us

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.

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