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Howden seeks several billion pounds in private capital for IPO plan
The proposed funding would be used to reduce Howden’s debt accumulated from acquisitions of about 250 companies over the past five years.
Howden Group, the London-based insurance broker planning to go public by 2030, is in talks to raise several billion pounds in new private capital, as the company looks to sustain its expansion, according to Insurance Journal.
The financing, which the outlet says is being developed with bankers at Morgan Stanley and aimed at bringing in new external shareholders, is framed as a key pillar of CEO David Howden’s long-term plan to take the business public and reach a £50 billion valuation, or $67.4 billion.
Insurance Journal reports the funds would help cut the company’s substantial debt pile built up after an acquisition spree in which Howden bought roughly 250 companies in the past five years, while also supporting further growth through investment, hiring, and enabling employees to trade shares.
The firm was valued at £10 billion after an internal share sale in 2024, and the process could also help move Howden toward market capitalization levels closer to its largest publicly traded rivals, the outlet added.