RE: RNS Tremor International Ltd Submission for Proposed Offering16 Mar 2021 15:38
I believe in order to go for a second listing in the US it will be to see the demand, before looking for a NASDAQ listing.
By all accounts, unless something else is brewing, such as a purchase or a merger, they do not need the extra cash and IPO would bring.
The amount this would bring in would depend on the demand, and I an quite sure they are looking at their American peers, seeing their valuations and thinking, hey, we are doing as well ( if not better than some of these ) but our valuation is light years away from them )
As below I also believe the figures have to be good, and we have had to have a good start to the year, which they did indicate we had, and the sky the limit.
I must admit, I am surprised our share price hasn't increased more, but thats the problem with AIM.
It will be very interesting to see what price the IPO is initially aimed at over there, could have massive ramifications over here. Interesting times.
I also wonder if they have consulted TOSCA, over their plans.