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Platform shares dive after IPO bounce

Platforms Nucleus and Transact have both taken a hit on their share prices after a suge in interest when they became listed companies.

Nucleus’s share price has fallen from 239.5p a share on 26 July when it listed on Aim, to 161.5 per share as at 15 October, a fall of a third.

In September the platform saw its post-tax profit double in its first results as a listed company after an injection of capital.

The company reported profit after tax of £2.2m in the six months to 30 June 2018, compared with £1.1m in the first half of 2017.

Transact’s parent company IntegraFin listed on the London Stock Exchange in March with a £650m valuation.

Its share price initially surged from 285p a share as at 12 March to a high of 401p per share as at 18 July 2018.

However, its share price has weakened since then to 318p per share as at 15 October, down more than 20 per cent on its peak.

In September, support service SimplyBiz reported a pre-tax loss of £1.2m for the six months to 30 June in its first set of financial results as a public company after it also listed on the London Stock Exchange in April.

It is currently trading up 18 per cent on its opening price.

AJ Bell is preparing to list on the main market of the London Stock Exchange either in December this year or early 2019.


Nucleus reports 7% adviser growth in wake of IPO

Nucleus has published its latest financial figures on the back of its Aim listing last Thursday. The float saw adviser users of the platform offered the chance to sell the shares they were offered as early adopters or to hold onto their stakes as investors. For the six months to the end of June, Nucleus […]

AJ Bell: IPO is not ‘jobs for the boys’

AJ Bell founder Andy Bell has promised that shares in the platform will be available to current users and small investors, not just big financial institutions, as it prepares to list. Later this year or early next year, the platform will offer a slice of the business to retail investors in a float expected to […]


FOS: We’re ready to take on a wider workload

Financial Ombudsman Service chief executive Caroline Wayman has told the FCA the complaints body would be ready to take on claims from small businesses, charities and trusts. Attending an FCA board meeting from 25-26 July, Wayman said that the FOS had already been preparing to take on potential new responsibilities, and was confident the complaints […]

State of the markets: global growth

In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]


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