Exco Issues "Pathfinder" Prospectus For Planned Stock Market Float

- By FX Markets Staff
- @FXMarkets_
- 20 Jun 1994

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Exco, the London-based money and fixed-income securities broking group, last week issued the preliminary "pathfinder" prospectus for its upcoming flotation July 8 of the remaining shares--40 per cent of the company--held by the administrator of its former parent, the British & Commonwealth group (FX Week, May 30).

The flotation means that Exco, which has been 60 per cent owned by a group of institutional investors since June, 1992, will again have a listing on the London Stock Exchange (which it

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