Digital transformation services group The Panoply Holdings PLC has unveiled plans to list on London’s AIM market later this month.
Panoply is looking to raise £5mln as part of the initial public offering (IPO), money it will use to target an industry which could be worth as much as £63bn by 2021 in Europe, the Middle East and Asia alone.
Ambitious growth plans
It has already lined up four companies which will become part of the group upon admission: Oslo-based management consultancy Bene Agera; London digital experience agency Manifesto; IT consultancy Notbinary; and software developer Questers.
Panoply reckons that becoming a listed company will give it more credibility when trying to sell its services to potential customers, while it will also help in raising money to fund more acquisitions.
“With digital transformation becoming more and more critical to companies' success across many verticals, this is the right time for a digitally native business such as ours to come to the market and capitalise on that structural shift,” said serial tech entrepreneur and chief executive Neal Gandhi.
“We have ambitious growth plans and are confident that AIM will be the right platform to support us in rapidly scaling the business. Admission to the exchange will bolster our brand and provide the capital necessary to pursue further organic and acquisitive growth.”