Peel Hunt plans London AIM listing

摘要

UK midcap equities broker PEEL HUNT is planning to list on the London Stock Exchange's Alternative Investment Market. The company, founded as a partnership by Charles Peel and Christopher Holdsworth Hunt in 1989, listed previously in 2000 and was bought by Dutch bank KBC a year later. In 2010 the current management carried out a buyout. Peel Hunt is targeting a valuation of £270m-£300m and raising around £40m in primary proceeds, with undisclosed secondary selling. The IPO will be for around 30%-40% of share capital, suggesting a deal size in the region of £80m-£120m, putting secondary selling at £40m-£80m. There is a retail and employee offering, limited to €8m.