5th Nov 2021 14:31
Marks Electrical Group PLC - Leicester-based electrical products retailer - Commences trading on London's AIM market.
On Tuesday, raised GBP25.0 million through a placing of 4.5 million new shares and 22.7 million existing shares at a price of 110 pence per share, giving the company 104.9 million shares issued overall, implying a market capitalisation of GBP115 million.
"Our admission to AIM is an exciting milestone for Marks Electrical. The successful completion of our IPO represents the beginning of a new chapter as we continue to scale the business and grow our share of the huge online retail market for home appliances," says Chief Executive Officer Mark Smithson.
Current stock price: 110.3 pence
Year-to-date change: up 0.3% from IPO price
By Dayo Laniyan; [email protected]
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