Standard Life, the UK-based life insurance group, is ready to press ahead with its planned flotation dispelling suggestions that its recent troubles with the Financial Services Authority might postpone the move until 2007.
The company is expected to be valued at around $7 to $10 billion and though it is too early to say how much the shares will be worth, analysts are predicting the average windfall for its 2.4 million mutual members to be in the region of $1,700.
Trading in the company is anticipated to begin in July 2006, providing that 75% of the group’s members agree during a special general meeting in either May or June.