Joules Starts IPO Plan To Crowd Into Open Market

If the market is going to die, it may be more open to the open market, and it may be Joules's idea.

There are also boys in this main camp.

The British brand of category recently announced IPO.

It is reported that this start

The planned Joules will be landed at AIM, the London Stock Exchange of London. The issue price is 160 pence, from the target of 77 million 500 thousand.

The company's valuation should be around 140 million pounds.

According to the document, Joules will begin to land in the AIM market today.

In the past 2015 fiscal year, the total revenue of Joules was 116 million 400 thousand pounds. After the founder's Tom Joules holdings and the LDC financing of private equity fund, it entered a period of steady development from 2013.

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The British brand Joules plans to land on the London Stock Exchange AIM market. The company issues 160 pence and hopes to raise 77 million 500 thousand pounds, which also makes the company value 140 million pounds.

The Joules, founded in 1989 by Tom Joule, currently operates 98 stores. The company plans to expand 10-12 new stores annually through the listing and financing, and repay part of the debt.

In the 2014/2015 fiscal year ending May 2015, the total revenue of Joules was 116 million 400 thousand, which has increased by 50% over the past two years.

Joules is expected to land in AIM market in London in May 26th. After the listing, Tom Joule will be substantially reduced from 80% to 32.3%, and he will receive 47 million 700 thousand pounds. The 20% Development private equity Lloyds Development Capital will also sell some of its holdings. LDC is France's four largest private bank Lloyds Banking Hong's investment institutions, and it will become a shareholder in 2013.