Numis at a glance

Latest Transactions
Grainger
£209m
£209m Placing by way of ABB
September 2021
Custodian REIT
Recommended all-share acquisition of Drum Income Plus REIT plc
September 2021

AJ Bell

Numis acted as Sole Global Coordinator, Sponsor and Sole Bookrunner on the IPO of AJ Bell plc

 

AJ Bell grey background

AJ Bell is one of the largest low-cost, online investment platforms in the UK, operating in both the advised (IFA) and non-advised (D2C) domestic savings market.

Platform propositions in the advised and non-advised UK savings market are AJ Bell Investcentre and AJ Bell Youinvest, both of which are one of the UK’s fastest growing platforms in their respective fields.

As at 30 September 2018, the Company had £46.1bn of AUA and had c.198k customers.

The Company was co-founded in 1995 by CEO Andy Bell and has been based in Manchester since establishment.

“We selected Numis as we wanted a bank who could be innovative and work with us collaboratively to structure our IPO in a bespoke way. They have been brilliant and we are pleased to have successfully floated our business at a fair valuation in difficult markets and to start our listed life with a great group of institutional shareholders.”

 

Andy Bell CEO, AJ Bell

There was significant demand from AJ Bell customers, far exceeding demand from intermediaries / retail offers in recent main market IPOs.

Support from the retail customers re-iterates the perceived quality and belief in the business model.

 

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