Peel Hunt Ltd - London-based investment bank and broker - Rival retail investment platforms AJ Bell PLC and Hargreaves Lansdown PLC select Peel Hunt's REX technology for their new retail share offer service. The new service allows retail investors in the UK to participate in initial public offerings and in company fundraising conducted as accelerated book builds. AJ Bell and Hargreaves, in a joint announcement on Wednesday, say the launch of the service opens up wider participation in IPOs and secondary fundraises by retail investors. They note that retail investors previously were left out of most IPOs, having access to just 21 of the 182 IPOs in the UK since October 2020. Peel Hunt says the new service supports the "democratisation of capital markets".
Peel Hunt current stock price: 115.00 pence, up 3.6% on Wednesday
12-month change: halved from 228p IPO price in September last year
By Tom Waite; thomaslwaite@alliancenews.com
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Peel Hunt (PEEL)
AJ Bell (AJB)
Hargreaves Lansdown (HL.)