Anglers know all about floats so they should be able to get their heads around the proposed listing of Angling Direct plc.
Britain’s largest specialist fishing tackle retailer has announced plans to float on Aim sometime in the middle of July.
The company mainly sells fishing tackle products and associated angling paraphernalia through a network of 15 Angling Direct retail stores located in the UK and also online via its own website and other third party websites.
The company plans to open more stores and to beef up its online presence.
As of yet, no details have been released of the listing price or whether the company will be seeking to raise fresh capital.
Executive chairman Martyn Page currently owns 39.6% of the company, while chief executive officer Darren Bailey owns 8.8% of the shares in issue.