An Italian PR outfit has announced its intention to float on the Alternative Investment Market (Aim) to drum up the funds needed for rapid growth.
SEC S.P.A, which has over 300 clients including food retailer Coca Cola, lender Deutsche Bank, grocer Lidl and electronic games maker Nintendo, is applying to be listed on the London Stock Exchange's sub-market Aim in a bid to raise up to €6m (£4.71m).
The firm is already in negotiations with a London-based agency, and will use the funds raised on Aim for future merger plans.
A spokesperson said the Aim listing is attractive to SEC, which has seen a compound annual growth rate of 44 per cent in two years thanks to acquisitions in Europe, as it presents the option to offer publicly traded shares to staff and raises the firm’s profile.
SEC’s president Fiorenzo Tabliague said: “We have undertaken the key process of international growth through acquisitions...we plan to continue on this path, essential for firms like us, who operate in an inherently global industry.”
“We are in advanced stages of negotiations with a London-based agency with turnover in excess of £3m.”
UK firms Gowling WLG and Hill Dickinson will act as legal advisers.