PensionBee has confirmed its intention to float on the London Stock Exchange in April.
In Brief:
It aims to raise £55mn by floating on the High Growth Segment of the Main Market.
PensionBee currently has 130,000 active customers and £1.5bn assets under administration.
It is currently working with PrimaryBid to offer its customers the chance to invest.
What does this mean?
PensionBee’s CEO Romi Savova says that the company has been aiming to go public for some time. She has cited the shift to digital and frequency of people changing jobs as reasons the pension platform will continue to grow.
