A Blackpool-based supplier of promoting options is plotting a London inventory market flotation, offering a great addition amid concerted authorities efforts to make the UK capital markets extra engaging.
Sky Information understands that Worldwide Connections Group (ICG), which supplies advertisers with focused print and digital options in sectors similar to luxurious inns and funeral houses, is drawing up plans for a list which may very well be launched within the new yr.
The corporate has employed Panmure Liberum, the funding financial institution, to work on the preliminary public providing.
ICG companions with ‘hosts’ similar to Aston Martin and McLaren dealerships, Mandarin Oriental inns 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 government, has beforehand taken three different companies public.
Its seemingly valuation was unclear on Monday, though one investor speculated that it may very well 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 supplied 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.
