Skip to main content Skip to footer

£87 million IPO & two secondary Placings for 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.

Following its IPO, the Company 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 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."

Sandy Adam

Chairman of Springfield Properties plc

Contact us

Call (+44) 020 7496 3000

or email enquiries@singercm.com

IE Support

This site doesn't support Internet Explorer, so some pages might not look correct and some functionality might not work as expected.