Online retirement solutions provider Pensionbee is including its customers in its prospective initial public offering.
The firm intends to give its client base the opportunity to buy shares in the company.
Customers with an existing pension with the company, or those that have “successfully committed” to transferring at least one of their schemes to Pensionbee, and who are located and resident in the UK will receive an early invitation, the company said.
They will be asked to register their interest in buying shares ahead of a prospective IPO on the London Stock Exchange.
But Pensionbee has still not decided whether to go ahead with the flotation or not.
Interested clients would commit their participation in the event of an IPO going ahead or any future flotation plans, the provider specified.
The digital pension provider confirmed to International Adviser that clients will not be required to buy shared using their pension pots, instead, they will be able to purchase them separately.
Client-centric
Romi Savova, chief executive at Pensionbee, said: “Customers can too often be an afterthought during an IPO, but our customers have always been at the heart of what we do, and we wouldn’t be where we are today without them.
“Providing our customers with an opportunity to share in our growth journey has always been a key motivation in our reasons for floating. Working with Primarybid will make this possible, giving customers adequate notice and opportunity to register their interest, while helping to ensure that the process is as inclusive as possible.
“The time we take to listen to our customers is what differentiates us as a company, and this will remain true as we progress to the next stage of our growth.”
