Terry Smith more than doubles target for new Smithson trust launch


Originally published at: https://whichinvestmenttrust.com/terry-smith-more-than-doubles-target-for-new-smithson-trust-launch/

Strong investor demand has driven the move whilst the management have made preparations to grow even bigger still. Fundsmith’s has increased the fundraising target for its upcoming IPO of Smithson investment trust from £250 million to £600 million, due to what they described as ‘very significant demand’ from investors. At the same time, they announced…


There are too many IPOs at the moment and not all of them are going to make it, given the market right now, and that they are competeing amongst each other. This one is, and some. Go Terry!