PensionBee is reportedly expected to float in London.
In Brief:
The pensions platform says it will float on the high growth segment of the London Stock Exchange with an IPO.
It currently has £1.5bn assets under management.
Its estimated market value is £350mn.
What does this mean?
PensionBee says it plans to sell shares to institutional investors as well as active customers – of which, It has around 130,000. The FinTech aims to help people in the UK understand their pensions, especially when they have multiple pots, and has so far seen 403,000 registered customers.
