Credit Suisse sees First Boston IPO by 2025 amid investor search

Credit Suisse announced earlier today that senior leaders in the carved-out unit are expected to receive up to 20% of shares

Credit Suisse Group AG’s top executive said he expects to take the firm’s carved-out investment bank public by 2025 as he continues to search for investors in the business that will revive the storied First Boston name.
 

“We have a very clear plan to put it into market, creating a liquidity event, most likely an IPO, and expect such an event in 2025,” Ulrich Koerner, the chief executive officer of Credit Suisse, said in an interview with Bloomberg TV’s Francine Lacqua.
 

Asked if the bank was closer to finding an anchor investor, Koerner said “we are close to, but I