Ninety One IPO set to proceed with £2bn valuation

Formerly Investec Asset Management

Ninety One is set to float on the Johannesburg Stock Exchange

Ninety One is set to float on the Johannesburg Stock Exchange

Ninety One, the rebranded Investec Asset Management, will be valued at around £2bn when it comes to market, the company announced on Monday (2 March). Ninety One said its flotation would be priced at between 190p and 235p, valuing the firm at between £1.7bn and £2.2bn. A valuation somewhere in the middle or towards the top of the range would make it large enough to enter the FTSE 100. The IPO will put 10% of the company's shares up for sale, with £180m to £226m expected to be raised. Mo...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?