London Stock Exchange welcomes DX Group to AIM
- Company raises £200m in AIM float
- Third largest AIM IPO by money raised since 2007
- Over £550m raised on AIM this year
London Stock Exchange today welcomed DX Group, the independent mail, parcels and logistics end to end network operator, to AIM. The company successfully raised £200m. The IPO is, by money raised, the 19th largest since AIM’s inception in 1995 and the third largest since 2007.
Marcus Stuttard, Head of AIM & UK Primary Markets said:
“DX Group’s successful IPO underlines AIM’s long-term capacity to provide substantial capital to ambitious, growth-oriented companies. As one of the largest flotations ever on AIM, this transaction confirms the market’s maturity and ability to support companies from across the UK and around the world that seek to grow using equity finance.”
There have been seven IPOs on AIM to date this year raising £550m, compared to just three for the same period in 2013 which raised £26m.
DX provides proven next day delivery services for mail, parcels and two-man deliveries to business and residential addresses nationwide, for both public and private sector companies. The company delivered approximately 170 million items in 2013.
Petar Cvetkovic, Chief Executive Officer of DX said:
"We are delighted to launch as a public company today, and are particularly pleased with the strong show of support from institutional investors which is testament to our future prospects. The successful completion of this transaction enables us to continue to focus on market leading customer service and growing the DX brand.”
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For further information:
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.
The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.
London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.
Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.
Further information on London Stock Exchange Group can be found at: www.lseg.com