View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 27, 2015

Equiniti outlines £495m IPO

News: Company aims to raise around £315 million.

By James Nunns

Equiniti has revealed the pricing of the Global Offer for its upcoming IPO.

The offer price has been set at £1.65 per Ordinary Share and, based on the Offer Price, the company’s total market capitalisation at commencement will be £495 million.

The company said it is raising gross proceeds of approximately £315m, which will be used to repay part of the Group’s debt and to pay for transaction, tax and other financing related to costs from the Global Offer.

In addition to this, Advent International, a private equity investor that is currently controlling the group, has agreed a separate subscription agreement. This will see it subscribe for New Ordinary Shares at the Offer Price in the amount of £75m.

The Directors will hold 1.5% of Ordinary Shares.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU