RE: Surprising RNS out21 Sep 2022 13:23
Sorry the FT link didn't show you the full article. Just google it yourselves. It's the same £40m in my opinion.
'Corporate broker Peel Hunt has raised £112m in a flotation on the London stock market to capitalise on the boom in dealmaking and other corporate activity.
The fundraising on Aim, London’s junior market, values the small and mid-cap stock specialist at about £280m. About £40m has been taken in new capital, while selling shareholders are expected to make about £72m, leaving a free float of 40 per cent.
Peel Hunt said the money raised in the placing would be used to support the next phase of the company’s growth, including establishing a European presence and continuing its investment in technology, new products and services.
It added that “a significant portion” of the money raised for existing shareholders would be used to fund personal tax liabilities arising from the corporate restructuring needed ahead of the flotation.
The broker wants to open a European office for EU clients next year given difficulties providing full services to the region after Brexit. It has been majority-owned by employees, including staff and investors that led a buyout of the company from Belgian bank KBC more than a decade ago.'