PE-backed Allfunds targets €7.6B market cap in IPO
April 19, 2021
Online investment platform Allfunds has set the price range for its upcoming IPO at between €10.50 and €12 per share. The Madrid-based company would have a market cap of €7.6 billion at the top end of the range. Allfunds is looking to float around 29.9% of its share capital and raise up to €2.3 billion. It is currently backed by investors including Hellman & Friedman and Singapore's sovereign wealth fund GIC.