PensionBee, a FinTech that helps customers invest their pensions, is planning an IPO.
In Brief:
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Pensions helps people combine their pensions into one plan.
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It has said it will offer an “early invitation to customers” to register interest in the IPO.
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The company is expected to float on the London Stock Exchange later this year.
What does this mean?
Since being founded in 2014, PensionBee has signed up more than 119,000 people to its platform and has £1.4bn assets under management. Around 60% of the company is owned by management and employees who could benefit from the IPO.
