Live music and artist agency All Things Considered Group Plc is planning to float on London’s Aquis Stock Exchange next week after drumming up £4.15mln in its initial public offer (IPO).
Better known as ATC, the company is focused on live music rights and agency, production, artist management and a range of other music artist services, with artists on its roster including Nick Cave, Biig Piig, Jungleboi and Kelly Lee Owens.
Schroders bought almost a 10% stake in the IPO, which was priced at 153p per share and will give the company a market capitalisation of approximately £14.66mln on admission.
The company, which will trade on Aquis under the ticker ATC, said it will use the money raised to provide additional funds and presence to enable the directors to seek growth across each of the company’s separate divisions.
Chief executive Adam Driscoll said, "I am delighted that new investors have bought into our vision, appreciating the scale of the opportunity out there for a holistic artist-focused music group in a rapidly evolving industry.”
“The board and I look forward to welcoming our new institutional and individual shareholders to the group.”