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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

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.

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