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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...
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