MJ Hudson Looking At GBP100 Million Market Cap Following IPO

(Alliance News) - MJ Hudson PLC is targeting a market capitalisation of nearly GBP100 million ...

Alliance News 11 December, 2019 | 10:01AM
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(Alliance News) - MJ Hudson PLC is targeting a market capitalisation of nearly GBP100 million when it floats on London's AIM, the company said Wednesday.

The asset management consultancy firm first announced plans to float towards the end of November, though gave no financial details. It has three main operating units: Advisory, Business Outsourcing, and Data & Analytics.

The company's main country of operation is the UK but it has offices in Europe and North America.

London-based MJ Hudson said Wednesday it will raise GBP31.4 million at a price of 57 pence per share. It will have 171.3 million shares in issue, giving a market capitalisation of GBP97.6 million.

MJ Hudson expects shares to begin trading on AIM on Thursday this week. Major shareholders will include Chief Executive Matthew Hudson with 23% of shares and Cannacord Genuity with 17%.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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