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essensys plc
Singer Capital Markets is delighted to have acted as Nominated Adviser and Sole Broker to essensys on their £72 million AIM IPO raising £28 million on admission in an oversubscribed fundraise.
£72 million AIM IPO for essensys plc raising £28 million on admission
Singer Capital Markets acted as Nominated Adviser and Sole Broker on essensys’ admission to AIM in May 2019, with a market cap of £72.6 million and Placing Price of 151p per share. The fundraise on admission was significantly oversubscribed, exceeding the targeted amount of £18 million. Proceeds were used to repay all outstanding debt, support organic growth and fund future M&A opportunities. Singer Capital Markets has since raised an additional £47 million for the company through two secondary Placings in April ’20 & Jul ‘21, despite COVID-19 and Brexit tailwinds.
About essensys
essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys’ software is specifically designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations.
Oversubscribed fundraise on admission, exceeding the targeted amount by £10 million
Raised for the company since IPO, including two Secondary Placings in April 2020 & July 2021.
Market cap on admission
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