Singer Capital Markets acted as Nominated Adviser and Sole Bookrunner to Artisanal Spirits Company on their £78 million IPO on AIM in June 2021, which raised gross proceeds of £26 million from institutional and retail investors. The net proceeds were used primarily 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.

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.