True Potential, a leading UK wealth management business, is mulling a potential $2 billion SPAC float just a day after JPMorgan bought the Nutmeg platform for £700 million, the Evening Standard reports.
Credit Suisse’s US bankers are working on plans to merge True Potential with a SPAC to propel it onto the US stock exchange, sources told the newspaper.
The company works with close to 20 percent of Britain’s financial advisers, providing products and technology to 1.4 million private clients, and also has its own consumer investment platform. Read more.
