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FinnCap revenues rocket on IPO and fundraising bonanza

Published: 08:49 07 Apr 2021 BST

finnCap Group PLC -

FinnCap Group PLC (LON:FCAP), the small-cap broker and finance group, said the strong market for IPOs and secondary funding continues to filter through into its results.

As a result, total revenue for the year ended 31 March 2021 is now expected to be approximately £47.3m, or 83% higher than the prior year.

The performance in March has been stronger than expected across all parts of the group, the AIM specialist said, with the successful completion of further equity fundraisings, private M&A transactions and the group's fourth IPO of the year.

Transaction income jumped by 145% to £21.1mln, while institutional stockbroking registered an 86% jump to £6.7mln.

Sam Smith, chief executive, said: "The group continued to perform strongly in March, surpassing our expectations. 

“We acted on secondary equity issues raising a total of £66m, completed the £83.8m IPO of Parsley Box PLC, advised on several private M&A transactions including the sale of David Rubin & Partners, and secured £52m of debt funding for Rockpool Investments' acquisition of Cambridge Maintenance Services.  

“Our pipeline for Q1 is healthy and I look forward to announcing our full-year results in July."

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