Online investment platform SyndicateRoom has been appointed as the retail distribution agent for Downing Strategic Micro-Cap Trust PLC’s upcoming initial public offering.
DSM is looking to raise up £100mln and SyndicateRoom members will now have the chance to snap up shares in the investment trust on the same terms as institutional investors.
The IPO opens for investment today and is expected to close by 27 April 2017.
DSM’s Judith MacKenzie commented: “Retail investors bring great value to IPOs and it’s important to work with intermediaries who have a strong link in to this community. With its excellent network of sophisticated investors we are pleased to have SyndicateRoom involved in the raise.”
SyndicateRoom chief executive Gonçalo de Vasconcelos said: “SyndicateRoom is once again leading the way and pushing the boundaries on behalf of private investors. I’m proud that we are providing our members with the opportunity to invest in the same London Stock Exchange IPO as institutional investors are investing in.
“Today’s announcement adds to our vision of connecting our members with great British businesses – and with its ethos of long-term capital growth across a diversified portfolio with a razor sharp focus on due diligence, Downing Strategic Micro-Cap Trust PLC is an ideal fit.”
Today’s announcement follows on from SyndicateRoom’s support for public markets placings on AIM and the FTSE 250, including Arix Bioscience Plc (LON:ARIX), Fitbug Holdings PLC (LON:FITB) and Scancell Holdings Plc (LON:SCLP).