£78 million AIM IPO for Artisanal Spirits Company
About Artisanal Spirits Company
Artisanal Spirits Company (ART.LN) is based in Edinburgh. It owns The Scotch Malt Whisky Society (SMWS) which was established in 1983 and currently has a growing worldwide membership of over 34,000 paying subscribers. In 2021 around 83% of Group revenue was generated online, whilst 13% was generated through SMWS’s four UK venues.
Net proceeds used to:
Fund further investment in whisky and other spirit stock, and in cask wood;
the promotion of membership and business growth;
existing and new venues;
brand and digital development;
and supply chain optimisation.
Singer Capital Markets has been retained as the Company’s Nominated Adviser and Sole Broker since admission.
"The successful fundraise and move onto the public markets, which gave our loyal and discerning members the opportunity to become shareholders, is an exciting landmark for both ASC and SMWS. Our members are at the heart of everything we do, and we believe our status on AIM will enable us to access the capital required to bring them an even wider variety of premium, limited edition whiskies, spirits and inspiring experiences."
Executive Managing Director, Artisanal Spirits Company