Business & Finance, News

London Stock Exchange welcomes DX Group to AIM

London Stock Exchange welcomes DX Group to AIM
February 27th, 2014
Author: Administrator

• Company raises £200m in AIM float

• Third largest AIM IPO by money raised since 2007

• Over £550m raised on AIM this year

London Stock Exchange today welcomed DX Group, the independent mail, parcels and logistics end to end network operator, to AIM. The company successfully raised £200m. The IPO is, by money raised, the 19th largest since AIM’s inception in 1995 and the third largest since 2007.

 

 

 

Marcus Stuttard, Head of AIM & UK Primary Markets said:

DX Group’s successful IPO underlines AIM’s long-term capacity to provide substantial capital to ambitious, growth-oriented companies. As one of the largest flotations ever on AIM, this transaction confirms the market’s maturity and ability to support companies from across the UK and around the world that seek to grow using equity finance.

London Stock Exchange (PD)There have been seven IPOs on AIM to date this year raising £550m, compared to just three for the same period in 2013 which raised £26m.

DX provides proven next day delivery services for mail, parcels and two-man deliveries to business and residential addresses nationwide, for both public and private sector companies. The company delivered approximately 170 million items in 2013.

Petar Cvetkovic, Chief Executive Officer of DX said:

We are delighted to launch as a public company today, and are particularly pleased with the strong show of support from institutional investors which is testament to our future prospects. The successful completion of this transaction enables us to continue to focus on market leading customer service and growing the DX brand.”

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