Schroders social impact fund falls short of its IPO goal
UK’s slow stock market makes it tough for fund listings to attract demand
London — A Schroders fund focused on social impact projects raised £75m in its initial public offering (IPO), a quarter less than targeted, as fund listings struggle to attract demand in the UK’s laggard stock market.
Schroder BSC Social Impact Trust, which starts trading on Tuesday in London, targets specific social results and allocates capital to effect change, while also seeking a financial return...
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