The past year has proved a busy one for new listings on the UK market, otherwise called IPOs (initial public offerings). As Shares outlines here, IPOs in 2021 have performed well on average, although the London market has seen its fair share of flops.
Hoping they’ll fall into the former camp is a trio of prospective newcomers to the AIM market, namely Libertine, CT Automotive and Facilities by ADF.
LIBERTINE LOOKS FOR £9 MILLION
Looking to raise £9 million ahead of an AIM float this Thursday (23 Dec) is Sheffield-based Libertine, a creator of clean power generation technology for renewable fuels.
Guided by CEO Sam Cockerill and with backing from the likes of Octopus and Janus Henderson, Libertine’s linear electrical machines, controls and tools together form a development platform - ‘intelliGENTM’. The platform is offered to manufacturing customers for product development across a range of power generation, heating, cooling and transport applications.
According to Libertine, its technology ‘will help make decentralised power generation the norm, bringing clean, reliable and affordable power to wherever it is needed, transforming the lives of millions of people.’
CT AUTOMOTIVE SEEKS £75 MILLION TAG
On the same day, Portsmouth-headquartered CT Automotive is scheduled to debut on the junior exchange with a near-£75 million market cap.
It develops and supplies interior components for some of the world’s best-known global automotive brands including Nissan, Peugeot, Bentley and Ford.
The components it supplies include everything from arm rests and deployable cup holders to kneepads, wrapped panels and fascia finishes.
CT Automotive has a global manufacturing footprint, with the bulk of its production across three sites in China and additional sites in the UK, Czech Republic and Turkey.
NEW YEAR FLOAT FOR FACILITIES BY ADF
Also lining up to test investors’ appetite for new issues is Facilities by ADF, the Bridgend-based provider of production and make-up vehicles and artiste trailers to the UK film and high-end television industry. It should arrive on AIM in early January.
Seeking to raise £15 million of new money for a starting market cap of £37.75 million, Facilities by ADF hires out its vehicles to some of the world’s largest traditional and on-demand content production companies.
The industry it serves has experienced strong growth in recent years with additional demand driven by the rise in consumption of film and HETV content via streaming platforms, such as Netflix, Disney+ and Amazon Prime.
