September 27, 2017 / 1:17 PM / 3 months ago

Fidelity chairman says no need for an IPO - Bloomberg TV interview

BOSTON, Sept 27 (Reuters) - Fidelity Investments does not need an IPO, Chairman Abigail Johnson said in a Bloomberg TV interview on Wednesday.

Johnson, the third generation of her family to run the Boston-based mutual fund giant, said Fidelity does not need the capital that an initial public offering would bring.

Reporting By Tim McLaughlin; editing by Scott Malone

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