A Blackpool-based supplier of promoting options is plotting a London inventory market flotation, offering a fine addition amid concerted authorities efforts to make the UK capital markets extra enticing.
The corporate has employed Panmure Liberum, the funding financial institution, to work on the preliminary public providing.
ICG companions with ‘hosts’ reminiscent of Aston Martin and McLaren dealerships, Mandarin Oriental motels and Circle Well being Group, offering its merchandise free in return for promoting gross sales alternatives.
It had 2,300 such hosts on the finish of 2024, with that determine rising to about 2,500 this yr.
The corporate is chaired by Alan Aubrey, a former boss of the London-listed scientific ventures backer IP Group, whereas Ray Ingleby, ICG’s chief govt, has beforehand taken three different companies public.
Its probably valuation was unclear on Monday, though one investor speculated that it might be within the area of £50m previous to any major capital being raised.
ICG’s plans for a London float come within the wake of a string of bigger firm flotations in current months, together with the meals producer Princes and banking group Shawbrook.
These listings have offered a glimmer of optimism about London’s capacity to recapture floor misplaced to rival worldwide exchanges in recent times.
A spokesman for ICG declined to remark.
