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CMC Markets to sell shares to retail investors

From telegraph.co.uk

Financial trading and spread-betting firm CMC Markets plans to sell shares to its own customers when it floats on the stock market next year. CMC, which is headed by Peter Cruddas and part-owned by Goldman Sachs, has considered floating for several years but now sees itself as ready to take the plunge as soon as market conditions are suitable for a successful sale. The firm has not given an expected valuation, but it could sell for around £1bn. The group has also appointed two new non-executive directors – investment banker Manjit Wolstenholme and former EY and Deloitte partner Malcolm McCaig – to bolster its board ... (full story)

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