Nucleus Financial takes AIM bow

Edinburgh-based fintech company Nucleus Financial has made its debut on London’s Alternative Investment Market this week.

Shares in the business began trading this morning, valuing the business at c. £140m.

Having made their debut at 183p, the shares were trading at 232p in mid-morning trading.

Stephen Trombala, corporate finance partner at Shepherd and Wedderburn and lead legal adviser to Nucleus on its listing, said: “Nucleus is a Scottish fintech success story that has seen exceptional growth in recent years, with £14.3 billion in assets now under management. Its listing on AIM marks a significant milestone for the company, and will provide a firm foundation for its continued growth. We look forward to continuing to work with Nucleus as it continues to expand in the rapidly evolving Scottish fintech sector.”

David Ferguson, chief executive of Nucleus, added: “This is an important milestone as we continue our work to support and promote the strategic alignment of advisers and their customers. It’s great to see so many institutional investors believing in the growth potential of this objective and we look forward to collaborating with our users to further promote transparency and improve customer outcomes.”