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The advisers to wealth management firm Utmost are in the advanced stages of preparing for a London initial public offering, the Times reported on Wednesday evening. ‘City sources’ told the Times that the advisers are targeting the listing, which could value Utmost at £2.5 billion, as soon as September. However, the sources also cautioned that these plans could change. US investment group Oaktree Capital Management, which controls Utmost, was reported in February to be considering either a disposal or IPO of Utmost. As of March, Oaktree had selected JPMorgan Chase and Bank of America to lead on a possible IPO. Utmost Chief Executive Paul Thompson and Chief Financial Officer Ian Maidens, who co-founded the firm in 2013, both retain holdings alongside Oaktree-managed funds. The Times said Utmost declined to comment on the matter. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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