GoCompare float is go after shareholders approve Esure demerger
GoCompare.com shares are set to list on the London Stock Exchange this week after Esure shareholders voted in favour of a demerger this week.
The price comparison website is expected to float on the main market at 8am on Thursday.
Read more: Meet the companies preparing to brave London's stormy IPO market this week
The GoCompare.com listing follows Convatec’s initial public offering (IPO) on Monday.
Two investment trusts, social housing-focused Civitas and a Bellevue Asset Management vehicle targeting healthcare, are planning floats in the coming weeks.
But the floats come after a difficult October for the London flotation market, with Pure Gym, TI Fluid Systems and Misys all pulling IPOs after failing to find sufficient investor interest.
Read more: Social housing investment trust plots £250m-plus IPO this month
Esure first announced plans for a demerger with GoCompare.com in mid-September.
The company confirmed the vote would take place today, and the listing of GoCompare shares on Thursday, in mid-October.