Hargreaves Lansdown IPO set at 160p
MoneyAM
Hargreaves Lansdown, the UK private client investment manager and stockbroker, said its forthcoming initial public offering will be priced at 160p per share.

This is at the top of the 140p-160p range announced earlier this month.

At that price, the company will be valued at about 760m, and the flotation will deliver a windfall gain of about 76m to each of its co-founders, Stephen Landsdown and Peter Hargreaves.

Landsdown, the group's chairman, and Hargreaves, its CEO, both hold a 40% stake in the company, and are expected to sell a quarter of their holdings at the IPO.

'We look forward to Hargreaves Lansdown being a publicly quoted company and to continuing to take advantage of the growth opportunities available to us,' Stephen Landsdown said in a statement.

Conditional dealing in Hargreaves Landsdown shares is expected to start today, with unconditional dealing to begin on May 18th.

Thought this lot might be worth following.

I too got in at 10.62.

Final Results

Highlights:
· Total assets under administration up 29% at £46.9 billion

· Net revenue increased by 8% to £291.9 million

· Operating profit increased by 8% to £208.0m

· Continued strong organic growth

· Total clients increased by 144,000 to 652,000 since June 2013

· Total dividend up 8% at 32.00 pence per share

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any ideas on the drop this morning?

Half Yearly report

Highlights

· Continued growth, with assets under administration at record levels (up 4.7% since 30 June 2014 to £49.1 bn).

· Total net business inflows for the 6 months of £2.25 billion (H1 2014: £2.80bn).

· Strong new business performance in a sluggish retail environment where UK Net Retail Fund Sales fell 34%1 and the FTSE All Share index fell 1.9%.

· Continued growth in active client numbers, now 675,000, an increase of 23,000 since 30 June 2014 (H1 2014: 77,000, H1 2014 excluding new clients from Royal Mail share offer: 45,000).

· Both client and asset retention remained excellent at 93.1% (H1 2014: 93.3% and 92.3% respectively). Client satisfaction also remains high at 94.4%.

· Interim dividend up 4% to 7.3 pence per share (H1 2014: 7.0p)

"In a muted 6 months for both stock markets and retail investing, Hargreaves Lansdown has managed to buck the trend with £2.25 billion of net new assets and further growth in clients to 675,000. We now look forward to the important tax year end period, and the introduction of exciting new pension freedoms on 6 April 2015."

Ian Gorham
Chief Executive

Questor/Telegraph says: Sell

Final Results

Dividend Declaration

Interim Management Statement: Hargreaves Lansdown enjoyed a strong start to its new financial year, with strong levels of net new business flows and assets under administration swelling 3.5% over the first quarter or 21% over the same period last year. The FTSE 100 pensions and investment provider said new business was driven by winning 30,000 new customers, improved market sentiment, continued investment in digital marketing, while it also benefited from significant transfers from a competitor platform going through operational issues.

Another 5 years on.......

skinny - 27 Feb 2012 11:25 - 10 of 33 edit this post

Harry - one of my regrets was not buying these when they floated - especially as I've used them for over 25 years!

That will be Barclays then...