Xchanging announces plans to float on the stock market this year

Xchanging, the HR outsourcing company that sponsors the Boat Race, has confirmed plans to raise about £150m by floating on the stock market later this month.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

The company has multi-million pound contracts to run the back-office functions, including HR, of the likes of BAE Systems and Alliance Boots.

Xchanging aims to use the money to fund further moves in the rapidly growing business process outsourcing market – worth £5bn in the UK alone. The 153rd Oxford-Cambridge Boat Race takes place this Sunday (7 April).