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By Aled Herbert
Published: 23 February 2000 12:54 GMT
Insurance company, Prudential, has announced it intends to float a minority stake in its online bank, Egg, later this year.
The Prudential will demerge Egg and float up to 25 per cent of the company on the London Stock Exchange.
The company said the flotation will be dependent on favourable market conditions and added that customers who had signed up with Egg before midnight on 22 February are expected to be eligible to participate in the IPO.
Analysts estimate the flotation could be worth between £1.5bn and £4bn.
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