Group could apply for flotation in coming days
Esure has appointed corporate brokers Canaccord and Numis as it prepares for a flotation, according to sources.
The group is considering sending off a formal application to float in the coming days, according to The Financial Times.
Sources have estimated that Esure should value its equity at approximately £1bn. Esure founder Peter Wood is said to have been spurred on by the success of Direct Line’s flotation last year.
An Esure spokesman would not comment.
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