Litigation Funder Vannin Capital Plans $91M IPO

Law360 (September 10, 2018, 5:21 PM EDT) -- Litigation funder Vannin Capital on Monday unveiled plans to float on the London Stock Exchange in a £70 million ($91.2 million) initial public offering, the same day it announced that a former Allen & Overy LLP senior partner has joined the firm as its newest chairman.

The Saint Helier, Jersey-based company, founded in 2010, said it’s looking to list its shares on the London Stock Exchange's main market and expects to be admitted in October. David Morley, Vannin’s newly minted nonexecutive chairman, told Law360 on Monday that the move to go public is motivated by Vannin’s desire for capital and profile...

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