£140m IPO of Nucleus Financial Group

26 July 2018

Craven Street Capital is pleased to announce the admission to AIM of Nucleus Financial Group plc (“Nucleus”). Craven Street Capital acted as financial adviser to Nucleus on this transaction, Nucleus floated with a market capitalisation of £140m and successfully raised £32.1m. The shares commenced trading on 26 July 2018.

Nucleus provides independent wrap platform services to over 2,200 adviser users across more than 800 financial adviser firms and is responsible for assets under administration (“AUA”) of £14.3 billion on behalf of more than 90,000 customers as at 31 May 2018.

Soondra Appavoo, Managing Director of Craven Street Capital, commented:

“The Nucleus team have built a great business in partnership with a broad adviser community. We are very pleased to have assisted Nucleus Financial Group in achieving this important milestone in its continued development.”

 

For further information: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NUC/13731647.html