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Virgin Money eyes 2 billion pound stock market listing: Sky News

Posted by: Admin | Posted on: August 31st, 2014 | 0 Comments

(Reuters) – Virgin Money [NRTRK.UL], the British financial services company partly owned by Sir Richard Branson, is in talks over a possible 2 billion pound ($3.32 billion) stock market listing as early as next month, Sky News reported on Sunday, citing people familiar with the matter.

A final decision on the timing of an initial public offering (IPO) has yet to be taken and the company may opt to wait until next year, Sky News said, adding that Virgin Group, which owns more than 46.5 percent of Virgin Money, may retain its ownership after an IPO.

Virgin Group could not be reached for comment outside of normal business hours.

(Reporting by Ankush Sharma in Bangalore; Editing by David Goodman)

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