As there must be many Stockopedia users who are customers of AJ Bell I would be interested in any views on the merits of the forthcoming IPO. Obviously a much smaller but faster growing version of Hargreaves Lansdown (LON:HL.) My calculations, assuming profitability growth slows a little bit in the year September 30th 2019, suggests a forecast PE ratio in the mid twenties. This seems reasonable value given Hargreaves Lansdown (LON:HL.) Currently trades in low thirties PE though share price has dropped quite significantly in last quarter. Decision day for subscribing to IPO December 5th so would be interested in any comments/views before then.

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