London Stock Exchange welcomes Quiz plc to AIM
London Stock Exchange today welcomes QUIZ plc, the omni-channel fast fashion womenswear company, to the AIM market following a successful Placing with institutional and private investors of QUIZ Ordinary Shares.
QUIZ, trading under the ticker “QUIZ”, successfully raised £102.7 million from institutional investors. At the placing price of 161pence, the Company will have a market capitalisation upon Admission of £200 million. The funds raised will be used to accelerate the company's growth plans across all channels and markets.
QUIZ is an established and distinctive omni-channel and international own brand in the women’s value fast fashion sector. The brand has a focus on occasion wear and dressy casual wear primarily for 16 to 35 year olds and offers clothing, footwear and accessories that make fashion forward females look glamorous and stand out from the crowd at great value for money.
The Group's fast, flexible supply chain together with the winning formula of style, quality, value and speed-to-market has enabled QUIZ to grow rapidly into an established international fashion brand with over 300 standalone stores, concessions, franchise stores, wholesale partners and international online partners in 19 countries.
Tarak Ramzan, Founder and Chief Executive Officer, said:
"Today marks an exciting new phase in QUIZ's growth and development as a leading international omni-channel fast fashion brand. We have a well-invested infrastructure, a clear customer focus and a fantastic team and I am delighted that investors have recognised the Company's significant strengths and opportunities with their support. We are confident that the Company’s admission to AIM will help QUIZ to deliver its clear omni-channel growth strategy and enable the brand to achieve its hugely exciting global potential.
"We would like to thank all our people and partners who have supported us throughout this journey and we look forward to the next phase of our development as a Public Company."
Panmure Gordon acted as nominated adviser and broker, Maclay Murray & Spens LLP and CMS Cameron McKenna Nabarro Olswang LLP as legal counsel and Hudson Sandler as financial PR.