Aldermore LSE IPO

Overview:

• Aldermore has undertaken a IPO on the LSE.
• The deal gives the bank a valuation of around £650 million.
• The bank had originally planned to list in 2014 but market conditions caused a delay.
• Aldermore is one of the UK's so called 'challenger banks', which is attempting to take business from the established high street names. The bank offers savings accounts, loans and mortgages.
• Credit Suisse and Deutsche Bank acted as underwriters.

Sam Duke - Editor