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musicMagpie, Victorian Plumbing and LadBible: The North West companies which went public in 2021

The North West is already home to some of the largest and most well-known listed companies in the UK.

From the likes of THG in Manchester, B&M in Merseyside and Pets at Home in Cheshire, the region is not short of household names being quoted on the London Stock Exchange or its junior, AIM.

But 2021 also saw a whole host of private companies from across the North West join their ranks.

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Here, BusinessLive rounds up some of the biggest stock market floats completed by North West businesses in 2021.

musicMagpie



MusicMagpie is listed on the London Stock Exchange's AIM market
MusicMagpie is listed on the London Stock Exchange’s AIM market

In April, Greater Manchester-based MusicMagpie completed its float on the London Stock Exchange’s AIM market in a move which valued the business at more than £200m.

The online retailer, which resells the likes of second-hand phones, revealed earlier that month that its share placing on London’s junior stock market would see shareholders receive £95m and the company £15m.

The move gave the firm, which employs more than 1,000 people in the UK and US, a valuation of about £208m on admission.

Founded in 2007, the group has operations in Stockport and in the US in Atlanta, Georgia.

You can read the full story here.

Victorian Plumbing



A Victorian Plumbing advertising campaign saw Laurence Llewelyn-Bowen featured as the brand’s star employee

Online bathroom retailer Victorian Plumbing completed what was then the largest ever IPO on the London Stock Exchange’s Alternative Investment Market in June this year.

The Merseyside-headquartered firm, which first announced plans to float on the London Stock Exchange’s AIM market earlier that month, placed 4,427,481 new ordinary shares and 109,122,138 existing ordinary shares at a price of 262p each.

The placing raised gross proceeds of £11.6m for the firm, giving it a market capitalisation on admission of £850m.

You can read the full story here.

In The Style




Online womenswear fashion brand In The Style floated on the London Stock Exchange’s AIM market in March.

As a result, the Salford-headquartered company raised £11m through a share placing while a further £49m was secured for existing investors.

The firm had a market capitalisation of about £105m at the time.

The business, which was founded in 2013 by entrepreneur Adam Frisby with £1,000 of seed funding from his bedroom, works with influencers on a long-term basis to collaboratively design, develop and promote branded fashion collections.

You can read the full story here.

LGB Media



Arian Kalantari and Alexander (Solly) Solomou of LadBible
Arian Kalantari and Alexander (Solly) Solomou of LadBible

The group behind LadBible and UNILAD recently completed a £360m float on the London Stock Exchange’s AIM.

LBG Media, which is headquartered in Manchester, has raised £30m for the group and £81.1m for selling shareholders with the move.

The group was co-founded in 2012 by chief executive Alexander (Solly) Solomou and chief operating officer Arian Kalantari while studying at university.

The group’s brands also include SPORTbible, Tyla and GAMINGbible and it has offices in London, Dublin, Melbourne and Sydney.

You can read the full story here.

Northcoders



Chris Hill, founder and CEO of Northcoders
Chris Hill, founder and CEO of Northcoders

Software coding training programmes provider Northcoders Group completed its float on the London Stock Exchange’s AIM, raising millions in the process, in July this year.

The Manchester-based company, which had a market capitalisation of about £12.5m at the time, raised from investors gross proceeds of £3.5m by way of a placing and subscription of 1,944,444 new ordinary shares of one penny each at a price of 180 pence per share.

On admission, the company had 6,944,445 ordinary shares in issue and a free float of approximately 29.6%.

Net proceeds of the placing were mainly to be used to “facilitate its stated growth strategy”, particularly enabling it to roll out its model geographically with an additional hub in Birmingham and the opening of two other regional hubs in 2022.

You can read the full story here.

Wejo



Richard Barlow, CEO of wejo

Wejo, the Manchester-based connected vehicle data company which is backed by US giant General Motors, floated on the Nasdaq after completing a reverse merger.

The deal with Virtuoso Acquisition Corp was first announced at the start of June and valued the North West business at $800m.

As a result of the move, Wejo has received about $225.7m.

Wejo was founded in 2014 and employs more than 250 people.

You can read the full story here.

DSW Capital



DSW Capital's Nicole Burstow and James Dow
DSW Capital’s Nicole Burstow and James Dow

The company behind financial advisory brand Dow Schofield Watts raised £5m after completing a float on the London Stock Exchange’s AIM in December.

DSW Capital, which is headquartered in Cheshire, had a market capitalisation of £21.4m following the float, based on a share price of 100p.

The company currently has 19 licensee businesses with 82 fee earners in offices in Daresbury, Manchester, Leeds, London, Reading and Aberdeen.

For the year to the end of March 2021, DSW Capital generated an operating profit of £1.7m and operating cash flow of £800,000.

CEO and co-founder James Dow sold no shares in the IPO and holds c.14.5% of the group.

You can read the full story here.

Possible floats in 2022

There will be a whole host of companies in the North West which will float on the London Stock Exchange or AIM in 2022.

Their identities remain unknown at the moment but we do already know of a handful of firms which are planning to go public.

In July 2021 BusinessLive reported that online shopping giant Very Group could be floated on the London Stock Exchange, which might net a £4bn payday for the billionaire Barclay family.

The owners of the Merseyside-headquarter firm appointed STJ Advisors, which works with companies ahead of public listings, to prepare Very Group for a potential stock market debut.

At the start of September, online market place Fruugo confirmed its intention to float on the London Stock Exchange’s AIM.

The Cumbria-headquartered enables retailers to generate sales to shoppers in up to 42 countries currently, operating in 28 languages and 31 currencies.

At the time the company said it hoped to float in October, but as of yet the move had not been made.



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