Offshore fund manager Richardson Scott LP is planning a major investment in Jaguar Land Rover’s planned listing in 2023, according to a source with knowledge of the matter.
The notoriously secretive Richardson Scott is believed to have been heavily involved in the highly successful Belite Bio Inc IPO and the more moderately successful listing for AMTD Digital Inc, in April and July respectively. As is customary the firm has neither confirmed nor denied its involvement in either listing, but it is generally accepted that the fund manager played at least a fairly significant role in both.
The latest information comes from a source that spoke on condition of anonymity, but was able to verify the authenticity of the information provided.
UK-based Jaguar Land Rover has been the subject of speculation over a potential listing for a number of years, and the IPO looks likely to go ahead in 2023. The intensity of the whispers around a potential listing has been building, and a recent announcement that the vehicle maker is gearing up for an EV revolution has only added to the conjecture.
In communications seen by Money Enquirer, Richardson Scott says that barring any major market disruption the listing will almost certainly go ahead next year, and clearly states an interest in playing a leading role. Citing the groundwork being laid to ramp up EV production as both a reason to be excited about the company and an indication it will require the funds raised through an IPO, the fund manager promised to monitor developments at the company closely with a view to potentially buying a significant pre-IPO allocation.
A number of global funds and banks are rumored to be interested in what will be one of the most highly-anticipated IPOs of the year if it goes ahead, but this is believed to be the first solid confirmation of interest from a major institution and will no doubt prompt further speculation over a 2023 listing.