In The Style makes stock market debut as Deliveroo prepares for float
In The Style has launched on the London Stock Exchange’s junior AIM market today as Deliveroo unveiled further details of its upcoming IPO.
In The Style has launched its float on the AIM market today after a “significantly oversubscribed” fundraising, which priced it at the top end of its valuation range.
The online fashion retailer raised £11m for the company and £49m for selling shareholders after selling 24.5 million existing shares at 200 pence per share.
Based on this placing price, In The Style’s market capitalisation is approximately £105m, with Liberum acting as nominated adviser and sole broker.
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