Oberon investments21 Jul 2021 12:10
Just a copy and paste.
Oberon Investments Group PLC (LON:OBE) on Tuesday made its City debut as it joined the Access Segment of AQSE Growth Market – the Aquis Exchange’s entry-level bourse for growth companies.
The boutique wealth manager, formerly known as Baskerville, has raised a gross £1.44mln at 4p a share – a transaction that values the business at £16mln.
The listing was the result of a reverse takeover transaction, which has become an increasingly popular (and fast-track) method of floating a company.
Founded in 2017, Oberon has assets under management of £400mln and is growing strongly.
Chief executive Simon McGivern said: "Our admission to Aquis now gives Oberon the quoted platform to facilitate a step-change in delivering on our growth ambitions.
"Oberon's focus on providing clients with a brilliant service and product offering appears to be working, as evidenced by the strong growth over the last three years.
"We feel the wealth management and small to mid-cap corporate broking markets have stagnated and there is a natural space for a forward-thinking, client-focused boutique.
“We are very excited at the prospect of turning Oberon into a well-known and respected brand in the financial sector in the next few years."