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viewForward Partners Group PLC
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AIM:FWD
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Forward Partners makes bright start on AIM debut

Tech investor Draper Esprit was a cornerstone backer taking £15mln of a placing

BlackRock -

Forward Partners Group PLC (LON:FWD)  made a healthy start to life on AIM with shares in the venture capital firm trading at 110p compared to a 100p list price.

Tech investor Draper Esprit was a cornerstone backer taking £2mln of a placing ahead of the listing with fund manager Blackrock subscribing for £15mln.

In total, the placing was for 35mln new shares with 1.7mln additional shares sold through the Primary Bid platform.

Forward is focused on early-stage technology businesses and the money will be used for new investments and to support Forward Advances, the group's revenue-based financing business.

The portfolio comprises 46 businesses that are leveraging eCommerce, marketplace and applied artificial intelligence technology.

Quick facts: Forward Partners Group PLC

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AIM:FWD

Price: 120 GBX

Market Cap: £161.54 m

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on 7/7/21

2 min read