SimplyBiz completes £130m IPO

04 Apr 2018

SimplyBiz, the independent provider of compliance and business services to UK financial advisers, has completed a £130m IPO on the London Stock Exchange’s Alternative Investment Market (AIM).

The transaction, which included a £65m fundraise, was led by independent investment bank Zeus Capital, acting as nominated adviser (NOMAD) and sole broker to the company.

The deal sees nearly 50 per cent of company shares held in public hands, with the placing raising £30m for the company and a further £35m for selling shareholders.