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Report: UK financial consultancy SimplyBiz to launch £130M IPO in April

SimplyBiz Ltd will launch a £130 million IPO in London on April 4, City A.M. reported March 16.

The U.K.-based company, which offers compliance support and consultancy services to financial advisers, is working with stockbroker Zeus Capital for the listing, which is expected to generate £30 million for SimplyBiz. Ken Davy, life president of Huddersfield Town FC, and family and trusts will receive an additional £34.5m between them.

Davy will continue to serve as nonexecutive chairman following the IPO, according to the report.