Smithson Investment Trust plc is a newly-incorporated investment trust that will invest in shares issued by small and mid sized companies on a long term, global basis. It is externally managed by Fundsmith LLP, a fund management group founded by Terry Smith.
Investec’s Darren Vickers commented:
“This is a record breaking IPO and we are proud to have supported Fundsmith and the Company through the launch process.”
Investec acted as sole broker and sponsor for the admission of the Company’s shares to the Premium segment of the Official List and to trading on the London Stock Exchange's Main Market. Investec also acted as intermediaries adviser for the launch, raising £152.4m from the retail investment platforms.
Investec worked closely with Fundsmith to guide the Company through its IPO, including the Company's decision to upsize the capital raise from an initial fundraising target of £250m.
Investec has a longstanding relationship with Fundsmith, having launched their other UK listed fund, Fundsmith Emerging Equities Trust plc (FEET) in 2014.
For more information, please contact:
Luke O’Mahony, Investec (Media) - +44 (0) 207 597 5261
Investec Corporate and Institutional Banking
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