Mortgage Advice Bureay has become the first ever mortgage intermediary to float on the AIM.
“We are delighted to announce our successful float on AIM, which has received strong demand from investors despite recent turbulent market conditions, recognising MAB’s position as a leading UK mortgage intermediary brand and network,” says Peter Brodnicki, Chief Executive.
“The share price has been set at 160p per ordinary share, which represents a market capitalisation for MAB of circa £80m.”
“Mortgage intermediaries play a very important role in the mortgage and protection advice process, and since the introduction of MMR the intermediary market share has increased and I expect it to increase further,” he adds.
Source: The Movechannel