SafeCharge International Group Limited join the AIM Market

 

Wednesday 2 April 2014

London Stock Exchange today welcomed SafeCharge International Group Limited (the “Company”) to open its UK Markets, celebrating the admission of its shares to trading on AIM. The Company’s over-subscribed IPO successfully raised £75.75 million and, upon admission, the Company will have a market capitalisation of £242.6 million.

SafeCharge is an international provider of payments services, risk management and IT solutions for online businesses. The Company is a payment partner across a diversified, blue chip client base and is recognised as a leading supplier to merchants in the regulated European sports betting and gaming industry, retail securities derivatives and foreign exchange trading sector as well as enjoying a significant presence in digital goods and services. Shore Capital acted as NOMAD and Broker to the Company in the IPO.

David Avgi, SafeCharge CEO, said:

“The rapid global growth in online sales is creating new opportunities for businesses to maximise sales of products and services. But with these opportunities come challenges to existing payments infrastructures. Online sales need new technology. Our business is at the heart of these rapid changes in online commerce, helping end users to safely, reliably and successfully transact with our merchant clients, using the latest technologies and techniques.”

“We’re very excited by the prospect of listing in London, which will improve the Group’s profile amongst prospective clients and should enable us to grow both organically and through acquisitions.”