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Knights Group announces IPO ahead of AIM listing

Published: 08:17 26 Jun 2018 BST

Gavel and book
Knights shares will be available to trade on AIM from 29 June

Knights Group Holdings PLC has announced the pricing of its initial public offering (IPO) ahead of its float on AIM later this month.

The law firm, ranked among the top 100 in the UK, said the IPO would involve the placing of 20.689,656 new ordinary shares and 13,793,104 existing shares at a placing price of 145p each to raise proceeds of around £50mln.

READ: Law firm Knights Group to seek AIM listing this month

The placing place will give the company an expected market cap of around £103.5mln, while the company will receive £30mln of the proceeds raised by the IPO while existing shareholders will net £20mln.

Knights added that its shares would be available to trade on AIM from 8am on 29 June.

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