Harwood Wealth is set to launch an initial public offering (IPO) on the AIM market of the London Stock Exchange.
The vertically integrated company said its broker N+1 Singer has raised £13.5m in an over-subscribed fundraise, with £10m raised as new equity for the company. The firm said net proceeds will be used primarily to provide funds for further acquisitions, as well as covering some infrastructure costs. It added the listing will facilitate cost-effective access to equity capital and the financial flexibility to pursue further growth opportunities. The financial planning and discretionary wealth management group was founded in 2001 under the name Compass Wealth Management by Neil Dunkley...
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