The ArmorGroup IPO (initial public offering ) was successfully completed today – it raised £30m, giving it a market cap of £65m. It has its first day of dealings on the Main market on Tuesday, December 14.
What they say
Jerry Hoffman, Chief Executive Officer, said: "We are delighted the Placing has been so well received and welcome our new shareholders in ArmorGroup. We have a strong market position and exciting plans for the future in a world in which our services are increasingly required. The Placing and flotation on the London Stock Exchange will enable us to build on our achievements over the last twenty years and allow us and our shareholders to take full advantage of the exciting prospects ahead." The firm, which has its headquarters in London, describes itself as a provider of defensive protective security services with over 7,600 employees and operations in over 26 countries.
