Quilter lists as standalone business with valuation of £2.8bn

clock • 2 min read

Quilter plc, formerly Old Mutual Wealth, has finally separated from parent company Old Mutual and lists independently on the London Stock Exchange today with a market capitalisation of approximately £2.758bn.

Old Mutual said earlier this month that it had set a price range of 125p-155p per share for up to 9.6% of ordinary shares of Quilter ahead of its listing. The group said today that its IPO would be priced above the middle of this range at 145p per ordinary share. Based on this offer price, the market capitalisation of Quilter at admission will be approximately £2.758bn. It is expected the group will join the mid-cap index. The expected offering comprises of 165,010,507 ordinary shares to institutional placees, 1,002,064 ordinary shares to certain non-executive directors of Quilter ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

BHSF joins amii

BHSF joins amii

New corporate member

Cameron Roberts
clock 11 July 2025 • 1 min read
Life insurance premium growth to drop to 1% in 2025

Life insurance premium growth to drop to 1% in 2025

Swiss Re research

Cameron Roberts
clock 09 July 2025 • 1 min read
ABI reports impact of Covid-19 Support Fund

ABI reports impact of Covid-19 Support Fund

£104 million in donations

Cameron Roberts
clock 09 July 2025 • 1 min read