Ninety One PLC, the asset manager demerging from Investec PLC (LON:INVP), will float on the London Stock Exchange on 16 March.
It will also have a second listing on the Johannesburg Stock Exchange.
READ: Investec targets mid-March for demerger of its asset management arm
The financial details will be shared in the prospectus scheduled for 2 March, a spokesperson said.
In a December note, analysts at UBS set the market capitalisation at nearly £1.9bn, with the UK and the South African arms valued at £1.2bn and £600mln respectively.
Investec will sell 10% of its holding through a global offer to institutional investors and staff.
Following that, Investec ordinary shareholders will own a 55% stake, Investec 15%, staff 20% and the new shareholders the remainder.
For the six months ended 30 September, Ninety One Group saw net inflows into its funds of £3.2bn and operating profits before exceptional items of £97mln.
Hendrik du Toit, Investec joint chief executive, said: "After 29 years as part of a diversified financial services group, this is an important event in our development.
“This transaction strengthens our offering to clients as an independent specialist investment manager.”
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