Liberum is pleased to announce the successful completion of a Placing and Admission to AIM for Footasylum plc, raising gross proceeds of circa £65m.
Footasylum is a UK-based fashion retailer focusing on the branded footwear and apparel markets. The Company retails “on-trend” product ranges which are predominantly aimed at 16 to 24 year old fashion-conscious customers and are sourced from an extensive stable of third party and own brands. These include well-known sports and casual footwear and apparel brands, as well as up-and-coming brands and own label products.
Following a strong cornerstone marketing process, Liberum produced a detailed pre-IPO research report, and organised a ten day management roadshow, including two site visits, with quality potential investors. A strong book of demand was delivered, with the placing being significantly over-subscribed, allowing the deal to be priced at the top of the indicated valuation range.
The share register is composed of high quality institutions and strongly focused on those investors who met and engaged with management during the roadshow.
Liberum acted as sole bookrunner on this IPO.
Investment Banking – John Fishley, Jill Li, Lucy Sharma, William Hall
Research – Wayne Brown, Adam Tomlinson
Sales – Julian Collett, Gerard O’Doherty, Oliver Baxendale, Seb Fernandez
Corporate Access – Marcio Remedios