8th Dec 2025 10:22
(Alliance News) - Power Probe PLC on Monday said it is targetting a market valuation of GBP60.4 million when it starts trading on the London Stock Exchange's AIM market on Thursday.
The company is based in Charlotte, North Carolina and is a "leading producer of automotive electrical diagnostic tools for professional service technicians".
On Monday, Power Probe said it plans to raise GBP11.2 million via an initial public offer of shares at 82 pence each.
Revenue at the company has grown from around USD25.0 million in 2022, to USD31.3 million in 2024, compound annual growth of 12%. Underlying earnings before interest, tax, depreciation and amortisation has increased from USD4.8 million to USD8.3 million over the same period.
In the first half of 2025, revenue reached USD20.5 million, gross profit totalled USD8.6 million, and underlying Ebitda was USD5.3 million.
Shore Capital and Corporate Ltd is acting as nominated adviser and Shore Capital Stockbrokers Ltd is acting as sole bookrunner and broker to the company in connection with the proposed placing and admission.
By Jeremy Cutler, Alliance News reporter
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