April 11, 2010 / 4:41 PM / 9 years ago

Barclays Capital in joint venture for retail share offers

LONDON, April 11 (Reuters) - Barclays Capital, the investment banking arm of Barclays (BARC.L), said on Sunday it had formed a joint venture with Solid Solutions Associates (SSA) to oversee retail share offerings in initial public offerings.

The deal will see SSA advise and assist Barclays Capital on project management aspects of any retail tranche of IPOs in London and other markets.

“Retail investors in the UK have significant wealth and in an environment where interest rates on cash deposits remain close to zero, the demand for alternative investment products including IPOs is high and is expected to remain so for at least the medium term,” Barclays Capital said in a statement. (Reporting by Matt Scuffham; Editing by Mike Nesbit)

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