RM Secured Direct Lending prepares IPO
RM Secured Direct Lending (RMDL) plans to list on the London Stock Exchange’s main market later this month, and if the move goes ahead it will be only the third investment company* to launch an initial public offering (IPO) this year. Hadrian’s Wall Secured Investments (HWSL) ended an IPO drought in June and earlier this week BB Healthcare Trust (BBHC) raised £150m, albeit short of its £200m target.
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* this excludes two REITs – Civitas Social Housing and Pacific Industrial & Logistics