Fascinating insights from Neil Shah at LSEG (London Stock Exchange Group) and Malachy McEntyre at Shore Capital Markets at our webinar yesterday. The most interesting observation for me is around the demand from AIM VCT investors for IPOs - if you meet the VCT qualifying tests you may find your business is very popular. #ipo #vct
What did we take away from our IPO webinar with LSEG (London Stock Exchange Group) and Shore Capital Markets yesterday (recording available for those that missed it)? Size - there is no minimum size threshold.....but you need to keep in mind a substantial upfront cost for corporate finance (and fundraising) fees, reporting accountants, lawyers and PR. Demand - despite depressing stats on recent IPOs, there is strong demand from venture capital trust (VCT) investors for qualifying IPOs. The absence of these is a supply, not a demand, issue. Exit v Growth - companies should see an IPO as a means to raise capital, not an exit. Having said this, some founder/management sell down is acceptable and 3rd party investor sell down (or even exit) is expected. Access to capital - once you are listed, the ability to raise additional rounds of capital (for growth, acquisitions, etc) is fast and relatively frictionless (certainly compared to private markets). If you would like a conversation please let us know and we can connect you to Neil Shah and Malachy McEntyre). Olga Melnyk #ipo
Really insightful session Douglas - keep up the excellent work!
CEO & Co-Founder at MarktoMarket
11moA recording is available for anyone who is interested.