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.

That will be Barclays then...