By Nina Kienle
MHA said it is planning to float on the AIM Market of the London Stock Exchange, eyeing to raise up to 125 million pounds ($161.7 million) through the placing of ordinary shares.
The service provider of audit and assurance, tax, accountancy and advisory services on Monday said the admission would provide a strong platform for the group to strengthen its market position as a fast-growing accountancy firm.
Alongside the placing, the group intends to offer retail investors the chance to subscribe for new ordinary shares, aiming to raise up to around 6 million pounds before expenses. A separate announcement for this will be made in due course, it said.
"An IPO would represent the next stage in our evolution, creating a platform for further expansion while preserving the values and approach that have underpinned our success to date," Group Chairman Rakesh Shaunak said.
The company for fiscal 2024 posted revenue of 154.0 million pounds, compared to 112.8 million pounds the prior year.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
March 17, 2025 03:26 ET (07:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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