SimplyBiz to float on London Stock Exchange

Set to happen on 4 April

Jenna Towler
clock
Matt Timmins: "We are now the UK's leading provider of compliance and business services to directly authorised financial advisers."
Image:

Matt Timmins: "We are now the UK's leading provider of compliance and business services to directly authorised financial advisers."

SimplyBiz is set to float on the London Stock Exchange with a market capitalisation of £130m

The compliance and support services business said it had raised £30m from an institutional placing of ordinary share at 170p and £34.6m for selling shareholders through an institutional placing. The float is set to take place on 4 April.  Zeus Capital is acting as nominated adviser and sole broker to the company.  Joint chief executives Matt Timmins and Neil Stevens have been running the business since 2010. Over this period revenues have grown 366% from £12m to £44m. Timmins (pictur...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Employers must ensure benefits schemes remain in place for staff: Partners&

Employers must ensure benefits schemes remain in place for staff: Partners&

Amid cost-of-living crisis

Hemma Visavadia
clock 09 August 2022 • 2 min read
Peppy partners with Lockton on health offering for employees

Peppy partners with Lockton on health offering for employees

Access to personalised family and reproductive health support

Hemma Visavadia
clock 04 August 2022 • 1 min read
Employee benefits platform Ben raises £13 million in Series A funding

Employee benefits platform Ben raises £13 million in Series A funding

Takes total capital to £17 million

Hemma Visavadia
clock 03 August 2022 • 1 min read