Addleshaw Goddard has advised investment bank Nplus1 Singer on the Initial Public Offering (IPO) of essensys plc in the first AIM technology IPO of 2019.
essensys, which develops software for flexible workspace providers to manage tenants and IT, had an opening market capital of £73m and raised proceeds for the company and shareholders of £28m. It is only the third company to list on the AIM market this year, and the first in the technology space.
The AG team advising Nplus1 Singer on the deal was led by partner Giles Distin and includes Jeremy Cruse and Richard Angel.
Giles Distin said: "In what is currently an extremely quiet market for IPOs – both on the Main Market and on AIM – we are delighted to have advised on essensys' IPO, the first tech AIM listing this year. Our team has recognised expertise in listed company transactions on both the Main Market and AIM, and it is great to have been a part of this successful float."
Over the last 12 months Addleshaw Goddard has advised on the IPOs of Mind Gym, Manolete Partners and AJ Bell, amongst others.