Key facts

  • Admitted to AIM on 28 July 2017 – £200m market cap
  • Institutional offering only – total raise of £102.7m
    • £10.6m primary offering for the Company to accelerate online & international growth
    • £92.1m secondary offering for founders and family, who held 100% prior to IPO
  • Completion of a successful IPO in a timely and efficient manner, with no delay to the timetable, leaving time for management to run and grow the business
  • Panmure Gordon was responsible for much of the PLC Board architecture

 

Achieved a premium valuation in comparison with all multichannel peer retailers

  • Panmure Gordon delivered on its valuation range presented 18 months before the IPO
  • Quiz sold at a 14.7x forward EV/EBITDA – a premium to other multi-channel peers

 

Tarak Ramzan, Founder & CEO of QUIZ, said:

The Panmure Gordon team did a fantastic job in giving us measured and consistent advice on timing, valuation and a wide range of other issues, including life as a public company. In particular, the team delivered the level of sell down and valuation that they promised over the 18 months prior to flotation. While intense, the process was handled very smoothly and efficiently and I would have no hesitation in recommending Panmure Gordon to any other business contemplating an IPO.”