10 Jul 2014
- Placing Size:
- Post Deal Mkt Cap: £340m
Zeus Capital advises MySale on £340m AIM listing
Zeus Capital has acted as joint broker and joint bookrunner to MySale on its AIM IPO and £115 million institutional fundraise. On admission, MySale had a market capitalisation of £340 million.
Founded in 2007 by British-born brothers Jamie and Carl Jackson, MySale is the leading online retailer with established flash sales sites in Australia, New Zealand and South-East Asia and an expanding international presence in the US and UK. MySale offers daily ‘flash sales’ typically between 48 and 72 hours, allowing customers to buy branded products at a discount. MySale currently has over 10 million members globally, and is growing rapidly.
In May 2014, Shelton Capital Limited, owned by Sir Philip and Lady Cristina Green (owner of the Arcadia group), acquired 25% of MySale.
Jamie Jackson, Founder and Executive Director at MySale commented:
“We are delighted with the success of our initial public offering and we welcome our new shareholders. We look forward to keeping them up to date with our progress in the exciting times ahead as we continue to build on our leading position in Australia, New Zealand and South-East Asia and leverage this expertise across an expanding international footprint, starting this year in the US and UK"
John Goold, Chief Executive Officer at Zeus Capital commented:
"MySale is illustrative of the appetite that remains for high quality ecommerce and online companies. MySale comes to market with an excellent shareholder base, both in the UK and the US, and, coupled with the involvement of Shelton Capital, an investment vehicle associated with Sir Philip Green, AIM will provide a springboard for further growth.
"MySale is a strong business with huge opportunities and we are delighted to have been able to bring the company to market and look forward to working with the team as it goes from strength to strength.”