JTC lists in London

Jersey-based fund, corporate and private client service provider JTC has started trading as a public company on the London Stock Exchange (LSE) with a market capitalisation of £310 million (€351 million).

The move follows the recent announcement of an initial public offering (IPO) and after the firm raised £243.8 million in institutional investment prior to listing.

JTC is currently active in 17 different jurisdictions in Africa, the Americas, Asia-Pacific, the British Isles, the Caribbean and Europe and employs more than 550 staff.

The 30-year company has experienced significant growth in recent years through organic growth, mergers and acquisitions.

Chief executive Nigel Le Quesne said: “The IPO will provide us with access to the capital markets, as we look to deliver future growth, both organically and through our targeted acquisition strategy in a sector which we view as ripe for consolidation.”

©2018 funds europe

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