Based on our direct conversations with stockbrokers, NOMADs, auditors and lawyers, an LSE AIM listed company valued at $100m would need to have (ultra conservatively) $8–10m in revenue and $0–1m in EBITDA.
https://jason.com.ng/a-120-150m-ipo-for-iroko-in-2021/
2. 2
CMS Equity Capital Markets
With extensive national and international reach, our market leading Equity Capital Markets
team brings years of experience to support our issuer, investor and adviser clients in all
aspects of ECM work.
The team has a strong track record of acting on numerous IPOs in the UK and overseas,
(including Rule 144A offerings in the US), secondary fund raisings and public takeovers,
as well as advising listed companies generally on their day-to-day activities, such as
compliance with the Listing Rules, AIM Rules, Disclosure Rules, MAR and Takeover Code,
corporate governance matters and employee incentive plans.
Our listed company clients come from around the world, including the UK, US, Europe,
India and China, and operate in a broad range of sectors. On the institutional side, we
advise a range of sponsors and nomads, as well as brokers and financial advisers.
CMS Sectors
Accolades
ARL Advisers Rankings have ranked CMS:
#8 by number of FTSE 100 clients
#1 by number of FTSE AIM 50 clients
#1 by number of FTSE AIM 100 clients
3. 3
Some highlights
Aberforth Split Level Income
£200m Main Market IPO
AEW Long Lease REIT
£150m Main Market IPO
AEW UK REIT
£100m Main Market IPO
Aquis Exchange
£73m IPO
Aquila European Renewables
Income Fund
IPO and €155m fund raising
Blue Ocean Maritime Income
$250m IPO
Blue Prism
£48m AIM IPO
Bralirwa
Rwandan stock exchange IPO
(first ever) $120m
Eve Sleep
£140m AIM IPO
GYG
£47m AIM IPO
Hollywood Bowl
£240m Main Market IPO
IMImobile
£60m AIM IPO and subsequent
placing
Induction Healthcare
£34m AIM IPO
John Laing Environmental Assets
Group
£160m Main Market IPO
John Laing Infrastructure Fund
>£750m Main Market IPO and
subsequent fundraising
JP Morgan Global Emerging
Income Trust
£104m Main Market IPO
Kainos Group
£164m Main Market IPO
M&G Credit Income Investment
Trust
£250m IPO
Mirriad Advertising
£63m AIM IPO
Myanmar Strategic Holdings
$22.7m Main Market IPO
Premier Asset Management
£139m AIM IPO
Pucari Wineries
€40m IPO on the Bucharest Stock
Exchange
Quiz
£200m AIM IPO
RM2 International
£278m AIM IPO
Revolution Bars
£100m Main Market IPO
River and Mercantile UK Micro
Cap Investment
£51m Main Market IPO
Sequoia Economic Infrastructure
Income Fund
>£500m Main Market IPO
Secure Income REIT
£239m AIM IPO
SKIL Ports and Logistics
£137m AIM IPO and subsequent
placing
Strix Group
£190m AIM IPO
Supermarket Income REIT
£100m Main Market IPO
Telefonica Deutschland
€3.6bn Frankfurt IPO and rights
issue
The People’s Operator Holdings
£100m AIM IPO
Triple Point Social Housing REIT
£200m Main Market IPO
Williams Grand Prix
£255m Frankfurt IPO
XLMedia
£93m AIM IPO
Yew Grove REIT
£75m IPO
They're a really strong practice, I'm thoroughly
impressed. The infrastructure is good and they cover a
range of disciplines.
Client quote - Chambers and Partners
5. 5
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on a variety of topics delivered by email. and insights that can be personalised.
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CMS Legal Services EEIG (CMS EEIG) is a European Economic Interest Grouping that coordinates an
organisation of independent law firms. CMS EEIG provides no client services. Such services are solely
provided by CMS EEIG’s member firms in their respective jurisdictions. CMS EEIG and each of its
member firms are separate and legally distinct entities, and no such entity has any authority to bind any
other. CMS EEIG and each member firm are liable only for their own acts or omissions and not those of
each other. The brand name “CMS” and the term “firm” are used to refer to some or all of the member
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