Bridgepoint Seeks $2.8 Billion Value in Rare Buyout Firm IPO
- Company aims to raise about 300 million pounds in share sale
- Offering will also include sales from existing investors
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Bridgepoint Group, the buyout firm spun out of Royal Bank of Scotland Group in 2000, will go public in one of the biggest listings of a U.K. private equity firm in decades.
The firm plans to raise about 300 million pounds ($416 million) and list at least a quarter of its shares, according to a statement Tuesday. The offering, which is expected to value the company at about 2 billion pounds, will also include the sale of about 200 million pounds from existing holders, said a person familiar with the matter.