Osborne Clarke has advised In the Style Group plc on its successful AIM listing and associated placing.
Following admission, ITS will have a market capitalisation of £105 million.
The placing, which was significantly oversubscribed enabling ITS to upsize the secondary element of the fundraising and to set the price at the top of the valuation range, will raise gross proceeds of £11 million and £49 million for the Company and the selling shareholders respectively. Admission and trading in the company’s ordinary shares will take place today (15 March 2021). Liberum Capital Limited acted as nominated adviser, sole broker and sole bookrunner.
The Osborne Clarke team that advised on the IPO was led by Head of Equity Capital Markets, Jonathan King (Picture), who was assisted by fellow corporate Partner Mark Wesker, Senior Associate Ed Nisbet, Associates Oliver Woods and Rebecca Ewing and Trainee Solicitor Imaan Nazir. Partner Michael Carter and Associate Natalie Paddock provided incentives advice.
Involved fees earner: Michael Carter – Osborne Clarke; Rebecca Ewing – Osborne Clarke; Jonathan King – Osborne Clarke; Ed Nisbet – Osborne Clarke; Natalie Paddock – Osborne Clarke; Mark Wesker – Osborne Clarke; Oliver Woods – Osborne Clarke;
Law Firms: Osborne Clarke;
Clients: In the Style Group plc;