Gear4music sets the price for £28m float

GEAR4MUSIC, the online musical instruments retailer, will be valued at £28m when it lists on Aim next week after setting the placing price for the shares yesterday at 139 pence. The Yorkshire-based group, which was founded in 2003, intends to raise 10.3m, part of which will be used to pay down debt and open a flagship showroom in London’s Soho district.

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