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£180.7 million IPO of Made Tech Group

Singer Capital Markets is delighted to have acted as Nominated Adviser, Joint Bookrunner & Broker to Made Tech Group (MTEC.LN) on its £180.7 million IPO, raising £85.4 million on admission.

About Made Tech Group

Made Tech provides services that enable central government, healthcare, and local government organisations to digitally transform. Founded in 2008 by CEO Rory MacDonald, the primary clients of the Group are the departments, agencies and arm’s length bodies of UK Government. 

Made Tech has a number of high-profile clients, including the Home Office, DVLA, HMRC, Department for Education, Department for International Trade and the Ministry of Justice.

Key facts

£85.4 million

raised upon admission in a significantly oversubscribed Placing

c~15% Share Price increase

after the close of the second day of trading; a result of strong liquidity in the secondary market

£180.7 million

market capitalisation on admission

“Our mission is focused on improving public sector technology. Becoming a publicly listed company will raise the profile of Made Tech, and enhance our ability to serve our existing clients across UK Government. In addition, it will support the next stage of our development as we seek to diversify our offer to customers, open new offices across the UK and hire senior business leaders to drive our expansion. We are extremely excited about this next stage of Made Tech’s journey."

Rory MacDonald

Chief Executive Officer of Made Tech

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