Revolution Beauty; Lack of profits warning, shares collapse – a new posterboy for the 2021 IPO hall of shame
On 19 July last year Revolution Beauty (REVB) joined the AIM Sewer raising £110.7 million by issuing new shares and with founders dumping £189.3 million of shares at 160p. After a warning today about dismal trading which is so bad that it begs the question of whether Revolution will go bust, the shares are 26p. This is a new posterboy for the AIM 2021 IPO class of shame and advisers Zeus Capital should be asked some real questions.
- By Tom Winnifrith, the Sheriff of AIM
- 2022-08-02 14:14:37