Amicorp Fund Services has announced its intention to float on the main market of the London Stock Exchange in an initial public offering (IPO) set for 8 June.
In a stock exchange announcement, the firm said it is seeking to raise up to $6.47m (£5.2m) by selling new ordinary shares, while it intends to bring in a further $9.7m (£7.9m) through the sale of existing ordinary shares.
The IPO offer price will be determined after a book-building process.
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Amicorp FS primarily serves ‘start-up’ asset managers initial assets under management ranging between $10m (£8m) and $20m (£16.1m).
The firm said the IPO will enable the firm to improve IT automation and expand its geographical reach while also scaling up its sales network and increasing service offerings.
Parent company Amicorp Group will retain an 85.7% stake after listing.
Kin Lai, Amicorp FS chief executive, said: “London retains its status as the world’s leading market for the financial services sector and we believe a listing here will give us the best chance of executing our plan to consolidate the fragmented fund services market.
“Becoming a listed company is a significant milestone for the group as it will advance our expansion plans and provide new investors with the opportunity to participate in our exciting growth story.
“The IPO will also enable us to take full advantage of continued growth in the outsourcing of fund administration services due to diversification within the asset management industry and increasing regulatory and compliance requirements.”
