22nd Apr 2021 16:15
musicMagpie PLC - Stockport, England-based reseller of refurbished consumer technology - Starts trading on AIM on Thursday after initial public offering raises GBP15 million for the company and GBP95 million for selling shareholders. At IPO price of 193 pence per share, musicMagpie starts life as a London-listed company with a GBP208.0 million market capitalisation.
"This is an exciting new chapter in the musicMagpie story, and we are delighted to welcome our new shareholders to the business, says Chief Executive Officer & Co-Founder Steve Oliver. "The company has been on a fantastic journey since Walter Gleeson and I founded it in 2007, and I am hugely proud of the hard work, innovation and dedication of our people in getting the business to where it is today."
Current stock price: 196.84, up 2.0% from IPO price
By Tom Waite; [email protected]
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