17th Jun 2021 11:35
(Alliance News) - Maternity clothing firm Seraphine Group PLC on Thursday announced plans to float on the London Stock Exchange's Main Market.
The London-based company said it was looking to list at least 25% of its shares in the initial public offering. The float would support Seraphine's growth plans particularly in international markets, it said.
Chief Executive David Williams commented: "Today marks a truly exciting moment for Seraphine as we embark on the next stage of our growth journey. The announcement of our expected intention to float reflects the hard work and dedication of the team and the strength of our brand.
"An IPO gives us the momentum to grow both our own digital platform and increase our customer reach by expanding our digital partnerships while building on existing strong fundamentals."
Founded in 2002, Seraphine uses online-focussed marketing to sell its maternity and nursing products and counts royals and celebrities among its customers. The group has a strong international presence, exporting products to customers in over 120 countries globally with around two-thirds of its revenue generated from outside the UK.
Numis Securities Ltd will act as sponsor and sole bookrunner for the listing. No details around timing or price of a potential listing were provided.
Also announcing listings on the Main Market, AIM and AQSE on Thursday were money transfer firm Wise PLC, drug maker Poolbeg Pharma PLC, cannabidiol products supplier Voyager Life Ltd, and bathroom products retailer Victorian Plumbing Group PLC.
By Will Paige; [email protected]
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