Aldermore scraps float plan
In a stock exchange announcement the bank said the “recent deterioration of global equity markets” had led to its board’s decision to cancel the floatation.
But Aldermore stressed that all remains well with the lender.
The statement said: “Aldermore continues to perform strongly, with excellent organic loan growth and a proven track record of delivery through its modern, digital platform.”
The lender also confirmed that long term investor AnaCap would continue to support Aldermore as it pursues “the next phase of its development”.
The float would have valued the challenger bank at about £800m and raised approximately £75m.