Challenger accounting firm to list on London AIM with £21m market cap December 13, 2021 Professional services company DSW Capital will make its initial public offering (IPO) debut today, while Big Four firm rivals focus on fending themselves off from more scandals. DSW, which owns advisory firm Dow Schofield Watts, plans to place five million shares at 100 pence per share to raise gross proceeds of £5m when it lists [...]
Growth capital business a key focus for long-term strategy at Numis, says co-CEO December 8, 2021 City broker Numis this morning reported its full year revenue swelled nearly 40 per to hit £215.6m, as a buoyant IPO market coupled with stabilised markets and rising deal fees helped the firm deliver its second record annual revenue performance in a row. Profit before tax doubled in the year to September 30, which Numis [...]
Canadian biotech Ondine picks London and floats in £104m IPO December 6, 2021 London’s life sciences assets have been boosted this morning as Canadian-headquartered Ondine Biomedical made its debut on the Aim market at a valuation of £104m. Ondine raised around £23m prior to the listing, and it plans to use the IPO funds to roll out its first product, a “photo-disinfection liquid treatment” that is says destroys [...]
Six Nations stakeholder CVC hires Goldman to plot £11bn IPO December 5, 2021 London-based private equity giant CVC Capital Partners is reportedly working with Goldman Sachs to prepare to follow in Bridgepoint’s footsteps with a blockbuster stock market listing. CVC, which boasts Six Nations rugby and RAC among its portfolio, is working with the bank on a potential float that could value it at up to £11bn, the [...]
LadBible heads for £360m London float December 1, 2021 The millenial and Gen Z digital publisher Ladbible is targeting a valuation of £360m in one of the London stock market’s biggest media industry flotations, according to reports this morning. It is understood that co-founder Solly Solomou is to sell a chunk of his stake, which will be valued at around £200m if an initial [...]
Exclusive: Third of law firms consider going public in search of funds for expansion November 30, 2021 Around a third of law firms are contemplating listing on the stock market in the next year to fund growth plans, according to new research shared exclusively with City A.M. The findings underpin a growing trend among law firms to explore alternative financing models beyond traditional partnerships. Gateley was the first law firm to float [...]
Plant-based power powder maker Huel sets sights on London IPO November 25, 2021 Plant-based meal replacement maker Huel has hired advisers as it considers a potential initial public offering in London that could take place next year. Huel, the “nutritionally complete” food that aims to replace a regular diet with an all-in-one powdered or drinkable meal, has hired advisers at Goldman Sachs and JP Morgan to work on [...]
It starts with a chat: FinnCap CEO Sam Smith on the female IPO deficit November 24, 2021 Sam Smith has led FinnCap through a particularly busy six months, as a flurry of activity in the M&A and IPO markets helped the City broker achieve record half year results last week. Earnings jumped 55 per cent to a record £32m, pre-tax profit was up around three-quarters to £6.3m, and the firm enjoyed a [...]
Energy storage developer eyes £350m valuation in London IPO November 17, 2021 Electrical energy storage developer Superdielectrics is set to list in London in the coming weeks, in hopes of boosting its valuation to £350m. The company is also intending to raise £20m in the December float, to help develop tech to build “environmentally benign” electrical energy storage devices for the sustainable energy and transport system push. “We [...]
YO! Sushi owner scouting for potential buyout bidders as IPO talks swirl November 16, 2021 YO! Sushi owner Snowfox Group has reportedly asked advisers to look into potential bidders following a series of advances. The Japanese food group is looking to jumpstart takeover talks, Sky News first reported, as talks of going public swirl. Mayfair Equity Partners, the group’s majority shareholder, has been exploring a potential initial public offering (IPO) [...]