Fidelity chairman says no need for an IPO: Bloomberg TV interview
FILE PHOTO -- Abigail Johnson attends the Boston College Chief Executives' Club of Boston luncheon in Boston, Massachusetts November 29, 2011.
REUTERS/Brian Snyder/File Photo
BOSTON: 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)