SimplyBiz Group plc Successful IPO

SimplyBiz Group Plc

The SimplyBiz Group plc, (LON:SBIZ) a leading independent provider of compliance and business services to financial advisers and financial institutions in the UK, announced that admission of its entire issued ordinary share capital, which comprises 76,470,588 Ordinary Shares, to trading on the AIM market of the London Stock Exchange took place yesterday with dealings starting at 8.00am under the ticker “SBIZ”. Based on the placing price of 170 pence per share, the market capitalisation on Admission is expected to be £130.0 million.

With over 3,400 member firms in the UK, SimplyBiz Group plc is a leading independent provider of compliance and business services to financial advisers, including directly authorised IFAs, directly authorised mortgage advisers, workplace consultants and directly authorised consumer credit brokers. It also provides marketing and promotion, product panelling and co-manufacturing services to more than 135 financial institutions, including 43 asset managers, 26 life assurance and pension companies, 46 mortgage lenders, 13 general insurance providers and 7 credit lenders, through access to its membership.

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