Maternity focused brand Seraphine was valued at over £150 million in its London initial public offering (IPO).
The London-based company was founded in 2002 by French-born designer Cecile Reinaud, and now has physical outlets in more than ten locations worldwide.
The listing saw 50 per cent of the value of the company floated, with shares priced at 295p each.
Seraphine said it will use approximately £16 million of the capital to repay an existing loan and the costs of the listing.
The remaining £45 million will be used to pay off loan notes held by certain existing shareholders in the company.
2021 has seen multiple fashion brands pursue public IPOs. Moonpig, In The Style, The Hut Group and Dr Martens have all debuted on the London Stock Exchange over the past seven months.
“We are absolutely delighted to be starting our journey as a public company by joining the Main Market of the London Stock Exchange, raising our profile and providing us with the platform to achieve our international growth plans,” said Seraphine chief executive David Williams. “I am pleased with the strong level of support we received for our IPO and I would like to welcome our new shareholders to the register.”
Latest News
-
Shop price deflation unchanged in February but breakfast food costs jump
-
Primark launches Spring home collection on Pinterest
-
Carrefour Israel deploys AI marketing platform
-
BT calls on small businesses to go digital by end of the year
-
Kroger CEO steps down amid personal conduct probe
-
Primark set to finish Click & Collect rollout by Summer
Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
© 2024 Perspective Publishing Privacy & Cookies
Recent Stories