Investment Banking

Lead IPO banks miss out on Aldermore brokership

Mid-cap and challenger bank expertise win out as beauty parade rewards JP Morgan and RBC Capital Markets

Thursday 28 May 2015 at 07:34

Lead IPO banks miss out on Aldermore brokership

RBC Capital Markets and JP Morgan have won a beauty parade and been named joint corporate brokers to Aldermore, beating the two banks that led the UK challenger bank's revived IPO earlier this year.

Aldermore, which went ahead with a pre-election float back in March, issued a statement on Thursday morning confirming that it had selected RBC Capital Markets as corporate broker alongside JP Morgan.