BlueBay is a specialist manager of fixed income credit offering long-only, long/short and structured products across three major sub-asset classes of credit - emerging markets, high yield and investment grade.
Based in London, with offices in Tokyo and New York, BlueBay provides investment management services to institutions and high net worth individuals and manages approximately US$8 billion at 30th September 2006 across its range of fixed income credit products.
Following the successful placing of Ordinary Shares in its initial public offering on the main market for listed securities of the London Stock Exchange at an Offer price of 300 pence per Ordinary Share. The Offer price implies a total base Offer size of approximately £189 million (before any over-allotments) and a market capitalisation of approximately £571 million.
Commenting on the announcement, Hugh Willis, BlueBay's Chief Executive Officer, said:
"We have had an excellent reception from investors on the institutional roadshow and believe the success of our IPO demonstrates the interest that our new shareholders have in our growth strategy. We are delighted by the high quality register the Company will have following the IPO. Our stock market listing represents the beginning of the next phase of the Company's development and we will strive to deliver strong results for all our shareholders."