British music and audio products company Focusrite yesterday announced its intention to float on London’s Alternative Investment Market (Aim).
The High Wycombe-headquartered company provides hardware and software products for musicians. It has two established brands: Focusrite, which makes audio interface and other products for audio recording musicians; and Novation, which allows customers to make electronic music using synthesisers and computer-enabled technology.
The company has a consistent track record of growth and profitability, reporting revenues of £41m and Ebidta of £8.2m for financial year 2014.
Executive chairman Phil Dudderidge said: “An IPO is the next logical step in the group’s growth strategy as we seek to grow our market share further.”