Pollen Street Eyes IPO for Markerstudy at £3 Billion Value (2)

Pollen Street Group Ltd. has begun preparing an initial public offering for UK insurer Markerstudy, according to people familiar with the matter.

The buyout firm has started early discussions with investment banks about the potential listing, the people said, asking not to be identified discussing private information. It’s been considering potential listing venues including London, according to the people. A deal could value the business at more than £3 billion ($3.9 billion), one person said.

Representatives for Pollen Street and Markerstudy declined to comment.

Markerstudy provides car, home and pet insurance and is also active on the Lloyd’s of ...