Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as Nominated Adviser and sole broker on the IPO of MartinCo PLC (MCO.L) raising £10.35m.

MartinCo is one of the UK's largest residential letting businesses operating a franchise business model under the brand Martin & Co which comprises 157 franchisees trading at 187 offices, with a further two trading offices which are currently Group owned.

The Group recently added an estate agency service to the franchise, and 95 of its franchise offices are now licensed to offer this service.