Focusrite IPO: Audio products company looks to amplify growth with Aim listing

 
Ollie Gordon
Focusrite has a consistent track record of growth (Source: Focusrite)

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.”

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