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 CityAM 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) [...]
MusicMagpie hires new chief finance officer following London float November 16, 2021 Recommerce business musicMagpie recruits Matthew Fowler as new executive director and chief financial officer, following Ian Storey’s promotion to chief operating officer at the time of the IPO of the group.
ProCook London IPO set to stir a near £160m valuation November 10, 2021 ProCook’s upcoming London initial public offering (IPO) is set to secure the gourmet kitchen retailer a nearly £160m valuation. The retailer will offer shares for 145p a piece, which will rally the £158m valuation. “We have been thrilled with the level of interest and support from a range of institutional and retail investors,” CEO and [...]
ProCook sets IPO price range up to £200m November 1, 2021 UK kitchenware brand ProCook has today set a price range for its planned IPO which gives the retailer an estimated market capitalisation up to £200m. The company announced a price range for shares between 137p to 185p, making its estimated market capitalisation between £150m and £200m. ProCook said 40 per cent of the company’s issued [...]
Jump start: Volvo Cars shares rise on £13bn market debut October 29, 2021 Volvo Cars shares have jumped on its £13bn market debut, which the Swedish carmaker said was “substantially oversubscribed”. It’s share price rose from 53 Swedish krona (£4.50) to around 59.99 krona (£5.10). The initial public offering (IPO), one of Europe’s largest this year, was delayed amid faltering investor confidence, according to reports. The carmaker, owned [...]
Softline to launch $1.5bn London IPO amid cybersecurity frenzy October 27, 2021 Cybersecurity firm Softline has launched a lofty $1.5bn initial public offering (IPO) in London today, as technology and security creep higher on the business agenda post-pandemic. The London headquartered firm will sell shares at a final offer price of $7.50 per share. “Today is an extremely proud day for the whole company,” founder and chairman [...]