London Stock Exchange welcomes Koovs AIM IPO

  • Indian online retailer raises £22m
  • First Indian listing in London for 30 months
  • Company valued at £36m

London Stock Exchange today welcomed Koovs, the Indian online fashion retailer, to AIM, the market for smaller, high growth businesses. The company successfully raised £22m at IPO, valuing the business at £36m.

Koovs, set up by former ASOS chairman Lord Alli, is the first Indian business to list on London Stock Exchange since Nandan Cleantech, which debuted in November 2011. There are 62 Indian businesses, with a combined value of £90bn, listed in London across AIM and the Main Market.

Ibukun Adebayo, Head of Primary Markets, India at London Stock Exchange Group said:

“We are delighted to welcome Koovs to our market. This is an important listing, not just for the company, but for Indian companies overall. It demonstrates that investors are looking beyond macro-issues and taking the time to understand individual company growth stories. We expect that on-going reform within India, coupled with listings such as this, will encourage more ambitious Indian companies to raise capital in London.”

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For further information:
Tom Gilbert 
+44 (0)20 7797 1222
newsroom@lseg.com

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