Focusrite Plc, ("Focusrite" or the "Group"), the global music and audio products company supplying hardware and software products used by professional and amateur musicians, successfully floated on the London Stock Exchange's AIM market following a successful placing by Panmure Gordon (UK) Limited raising £22.4 million from institutional investors.
Focusrite has multiple key strengths including a proven financial track record over the last six years, well established brands with Focusrite and Novation that bring high quality studio heritage to the wider market, a highly experienced management team built up over a number of years with a range of experience and backgrounds in the music technology industry, a diversified and international customer base across a broad geographic area and continued product innovation with its in-house development of new, technologically innovative products.
Phil Dudderidge, Executive Chairman of Focusrite, said:
"This is a momentous day for Focusrite and I'm delighted that we've been able to successfully complete our flotation. We look forward to rewarding both our new and existing shareholders with continued growth in revenue and profits, and increasing our market share."