Com­pare the Mar­ket spruces it­self up for IPO

The Sunday Telegraph - Money & Business - - Business - By Lucy Bur­ton

THE in­sur­ance group be­hind price com­par­i­son web­site Com­pare the Mar­ket is gear­ing up to make its stock mar­ket de­but as soon as this au­tumn.

BGL Group is get­ting its house in or­der so that it could be in a po­si­tion to float the busi­ness shortly af­ter its full-year re­sults ex­pected in Septem­ber, sources close to the talks have said. The group hired ad­vis­ers at Roth­schild to sound out in­vestors about a pos­si­ble float early last year but has kept quiet about the ex­act time­line, which could yet be pushed back.

If BGL de­cides to de­lay, it will look to list af­ter its next set of num­bers are pub­lished in 2018, a source said.

Best known for its Com­pare the Mar­ket tele­vi­sion ad­ver­tise­ments cen­tred round a fam­ily of meerkats, the firm has been pre­par­ing to float since last year with a valu­a­tion of around £2bn. Matthew Don­ald­son, chief ex­ec­u­tive, said ear­lier this year that the group was in the “un­usual and lux­u­ri­ous” po­si­tion of not hav­ing to rush ahead with a float, but ad­mit­ted that he was eye­ing up a list­ing in the se­cond half.

Ac­tress Ni­cole Kid­man ap­pears in an ad­vert for Com­pare the Mar­ket, whose owner is eye­ing up a flota­tion

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