U.K. Firms Offer ‘Once-in-a-Generation’ Opportunity, Schroders Says
- Schroders’ new fund seeks to raise as much as $330 million
- Offering comes after a spate of failed fund listings in London
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Schroders Plc is seeking to list a fund that would capture a “once-in-a-generation opportunity” to invest in U.K. companies, even as a number of initial public offerings with a similar pitch recently failed to drum up enough demand.
Schroder British Opportunities Trust Plc plans to raise as much as 250 million pounds ($330 million) this month to take advantage of bargain valuations among U.K. companies, both public and private, which have been weighed down by prolonged Brexit-related uncertainty and the coronavirus crisis, more recently.