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Time Out owner hopes flotation will raise £90m to fund expansion

Discussion in 'Market News' started by Lily, May 31, 2016.

  1. Lily

    Lily Forum Member

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    AIM listing, expected to value business at between £185m and £225m, has reportedly attracted investors including fund manager Neil Woodford

    Time Out, the leisure and listings magazine turned digital media business, has announced an intended stock market flotation expected to value the company at between £185m and £225m.

    Oakley Capital, which owns 76% of Time Out, said it plans to raise about £90m to fund expansion and repay £25m of net debt with the share sale.

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