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Sepura floats on turbulent market
Despite the current turbulence of the London Stock Exchange, Sepura forged ahead with its plans to float the company at the beginning of August. And to great success, surpassing the anticipated offer price, which considering the market conditions reflects particularly well on the strength of the company.
Discussing the decision to become fully listed, Graham Mathews, Managing Director, Sepura plc, said, “Initially the shareholders were a tad reluctant as they could see how successful the business is, however understanding the benefits of being a public company on the London Stock Exchange to a business such as ours the listing undoubtedly helps improve our brand name.”
This is also a significant milestone in the company’s history, five years on from its launch. The IPO comprised the sale of 34,088,285 existing ordinary shares at 145p per share. Mathews also pointed out that the company would continue to forge head with investing in its R&D programmes and although it had received a significant footprint within the public safety arena it was also addressing emerging markets.
