By Andrea Figueras
Vulcan Two Group said it intends to launch an initial public offering in London's junior AIM, as it seeks to lead U.K.'s online pharmacy sector.
The group is focused on acquiring businesses in the online pharmacy market that operate mainly in the U.K. In the future, it could also consider investing globally, including emerging markets, it said.
The company said on Tuesday that it intends to list ordinary shares at 10 pence each, but didn't say how many shares it plans to issue. The amount of capital it aims to raise, as well as its expected market capitalization, weren't disclosed.
The admission date is expected to be in early September.
Vulcan Two aims to lead the consolidation of the private prescription sector, one of the fastest growing and most profitable sectors of the U.K. pharmacy market, it said.
The company has already established a pipeline of potential acquisition opportunities. However, it noted that there can be no certainty at this stage that any such transactions will be completed or on what time frame these might occur.
Returns to shareholders will be delivered through appreciation in the Group's share price and, if appropriate, dividends paid out of retained earnings or a return of cash following any disposal of assets or investments, it said.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
Vulcan Two Group didn't disclose the intended price of the shares it plans to issue. "Vulcan Two Group Seeks AIM Stock Market IPO," at 0757 GMT, incorrectly said the group intends to list ordinary shares at 10 pence each.
(END) Dow Jones Newswires
August 19, 2025 04:55 ET (08:55 GMT)
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