#elliott-investment-management

#elliott-investment-management

Elliott Investment Management, the hedge fund that owns the most popular bookstores in the US and the UK, has spoken to potential advisers about an initial public offering (IPO), the Financial Times reported. The multibillion-pound group is thought to prefer London over New York for the listing, which could be a welcome boost to the UK stock market.

"We are pleased with our dialogue with the team and believe the plan announced at [this week's event] represents a significant enhancement of Workday's operating model and capital allocation framework. We believe this multi-year plan will drive substantial long-term value creation for Workday shareholders, and we look forward to continued collaboration with the company."