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Allfunds unveils IPO and Euronext listing plans

Company will not receive any proceeds from the offering


Kirsten Hastings

B2B wealthtech platform Allfunds has announced its intention to launch an initial public offering and list on Euronext Amsterdam.

The offering, which will consist entirely of existing shares, is expected to take place “in the coming weeks”, subject to market and other relevant considerations.

Allfunds founder and chief executive Juan Alcaraz commented: “Today’s announcement [7 April] is truly momentous for Allfunds. We have led a fundamental transformation of the wealth management industry, building a global technology platform linking fund houses and distributors.

“With over €1.2trn in AUA, we have grown into what I believe is the largest network of fund houses and distributors accessing a marketplace that operates in 59 countries.”

More than 20 years after it was founded, Alcaraz said “this listing provides us with the flexibility to accelerate the digital transformation of the wealth management industry and the growth of our best-in-class global platform”.

IPO details

The offering will consist of a private placement of existing shares to a range of institutional investors in various jurisdictions.

The shares are currently held by LHC3, BNP Paribas Securities Services and Credit Suisse.

A minimum of 25% of the company will be available.

Allfunds will not receive any proceeds from the offering, but believes the IPO and admission to Euronext will provide access to the capital markets and diversified sources of funding for the future.

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