Springfield Properties
Singer Capital Markets acted as Nominated Adviser and Sole Broker to Springfield Properties (SPR.LN) on their IPO on AIM in October 2017 raising £25 million with a market capitalisation of £87 million on admission.
£87 million AIM IPO raising £25 million on admission
Singer Capital Markets acted as Nominated Adviser and Sole Broker to Springfield Properties (SPR.LN) on their successful IPO on AIM in October 2017. The company raised £25 million on admission in a significantly oversubscribed fundraise and admitted with a market cap of £87 million. Following its IPO, the Share Price was up 5% on admission; 9% increase to first week close and 5.7% to first month close.
Following its IPO, Springfield Properties successfully raised an additional £15 million in May 2018 and a further £22 million in December 2021, which was used to support the Acquisition of Tulloch Homes.
About Springfield Properties
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.
Total raise since Singer Capital Markets were appointed in 2017
Market cap on admission to AIM
Singer Capital Markets has worked with Springfield for over 7yrs and remains as their Nomad & Sole Broker
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