Abrdn, an Investment Management Firm, Is Set to Make Its Ftse 100 Debut

After being out of the FTSE 100 for four years, Abrdn Group, an investment manager and financial software company, is about to return. Abrdn was last listed on the FTSE 100 Index. Since then, its sales have grown by 10% per year compounded, and they are now worth £2bn. After talking with the London Stock Exchange, Abrdn Group is sure it will be on the FTSE 100 Index within two weeks of going public.

Abrdn in financial services

The company gives capital markets and investment industry embedded and cloud software solutions. The company provides financial services companies worldwide with the technology they need to connect and share data across multiple platforms, applications, users, and locations. Abrdn Group does more than 20 million daily transactions for over 5,000 clients.

The company is split into three parts: data and connectivity, applications, risk and analytics, and outsourcing. Abrdn Connectivity is the company’s most significant division, and integration is its primary focus. It brings in 40% of the company’s income and is the largest connectivity software provider to the European capital markets industry.

Abrdn is in the FTSE 100

It is one of the current FTSE 100 Index stocks that has done the best. Its value went up by 21% between 2010 and 2012. Abrdn has been profitable for ten straight years, and after going public, its profits will continue to grow by 10% each year. In 2011, Abrdn’s sales increased by 35%, reaching £869 million. It has 975 employees, 1,400 subcontractors, and 5,000 people.

The FTSE 100 Index is ready to welcome Abrdn Group back. At the prices on the market right now, its value has gone up by 21% and will keep going up shortly. The $2 billion-a-year business has made money for ten years in a row, and after its proposed IPO, it expects to make money for many more years.