Virgin Money flotation: Branson aims to raise £150m

Richard Branson's Virgin Money will become the fourth bank this year to float on the London Stock Exchange

Richard Branson
(Image credit: Rob Kim/Getty)

Virgin Money, the banking arm of Richard Branson's Virgin empire, has revealed plans for a stock market listing, which could see the financial services brand valued at £2bn.

The plan to float shares on the London Stock Exchange is expected to raise about £150m which will be used to recruit new staff and support the company's growth plans.

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