RE: IPO25 Aug 2020 14:40
Yep, given all that has happened in 2020 I can see an IPO being put back until early next year.
Don't let that worry you. Brandshield is making good progress and the recent RNS highlighted key metrics:-
- increase in new business signed in the first half of 2020, almost equivalent to the whole of 2019
- Approximately 10% of the client base are now multi-brand companies
- medium to large companies representing around 30%, up from 15% at the end of 2017
- Earlier this year, BrandShield announced it had neutralised over 150 phishing websites targeting the Levi Strauss & Co's brand
- pleased to announce its partnership with Trusted Global Innovator, NTT DATA
The key metric missin is 2019 revenues and forecast 2020 revenues. Being profitable is less important in such an early and dynamic growth period.
Expect an IPO in excess of £50m as research suggests revenues for 2020 may top £5m.