£87 million IPO & two secondary Placings for Springfield Properties
About Springfield Properties plc
Springfield Properties is a leading housebuilder in Scotland delivering private and affordable housing. Springfield builds new homes for sale in great locations including Ardersier, Dundee, Elgin, Gartcosh, Nairn, Perth and more.
Key facts
£25 million
Oversubscribed Fundraise on Admission
Share Price Increase
9% increase to first week close; 5.7% to first month close
£62 million
raised by Singer Capital Markets since 2017
The Marketing Strategy
Pre Marketing
11 relevant Institutional Organisations targeted
Institution Meetings
54 Institutions met in 45 meetings over 11 days
Shareholder Register
A high-quality shareholder register was established
Share Pricing
The shares were priced at the upper quartile of the valuation range
"Singer executed our transaction with expertise; they shaped our presentation and message, introduced us to over 50 relevant Institutions and raised the equity needed within an agreed valuation rage and timescale. Singer Capital Markets are a very professional organisation."
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