8th Mar 2021 14:05
Team PLC - fund management company - Says it has started trading on the AIM market of the London Stock Exchange. Canaccord Genuity Ltd is acting as nominated adviser and sole broker in relation to the admission.
On Wednesday last week, Team priced its initial public offering at 88 pence per share, hoping to raise GBP7.5 million. Company is a Jersey-based active fund manager providing discretionary and advisory portfolio management services to private clients, trusts and charities. Assets under management were GBP291 million in November, up from GBP140 million in December 2019.
"Today marks a significant day for Team - admission to AIM is a major step in the company's development. We have a clear strategy to continue the growth of Team and believe listing provides an ideal platform from which to accelerate our growth ambitions. We were delighted with the level of support from both existing and new investors and I am pleased to welcome our new shareholders to Team." said Chief Executive Mark Clubb.
Current stock price: 85.6p
Change since Monday morning: down 2.7%
By Evelina Grecenko; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Team