Travel Chapter Holdings PLC - Bideford, Devon-based online holiday rental platform - Plans initial public offering on the London Stock Exchange's AIM market in mid-November. GCA Altium Ltd is acting as nominated adviser, while Numis Securities Ltd is sole broker and bookrunner. Travel Chapter owns the brand holidaycottages.co.uk. The main income streams are commission income - from which Travel Chapter gathered 75% of revenue in 2020 - and fee income, which makes up 20% of revenue.
"We are delighted to announce our intention to IPO on AIM. This marks the exciting next stage of the Travel Chapter journey as a leading online platform for UK holiday rentals. We have witnessed long term and robust structural tailwinds in domestic tourism in the UK and believe that these are set to continue. Our sector-leading booking platform, owner relationships, customer service and quality-focused property portfolio means we are well placed to continue to grow market share in a fragmented market, both organically and through selective acquisitions," said Chief Executive Officer Jayne McClure.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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