By Tom Winnifrith | Monday 26 November 2018
For all the reasons explained in yesterday's bearcastI'd rather eat my own toes than invest in the FinnCap IPO. But if you take a different view you can subscribe for shares at 28p, in a minimum size of £100, via Primary Bid HERE.
Conditional on Admission, FinnCrap with its smug CEO Sam Smith, has agreed to acquire Cavendish, an M&A adviser to the UK mid-market, bringing into the Group a capability in sell side M&A advisory services, exit planning and debt advisory services. Cavendish was founded in 1988 and has a team of 40 people primarily focused on sell-side M&A advisory services on mandates up to £500 million in enterprise value. In the years ended 31 March 2017 and 31 March 2018, Cavendish advised on a total of 24 completed company sales.
Post Admission, the Group will provide an integrated offering to growth companies for raising private and public equity and debt, alongside advice on acquisitions and disposals with a strategy to provide the full range of financial services expertise to ambitious growth companies. Its strategy will be to expand its successful equity capital markets business, add additional services of which the acquisition of Cavendish forms a key part, and to focus on the enhancement of its brand in its core markets.
You should read the admission document.
And then you should NOT invest.
If you do invest via Primary Bid HERE we will earn a small commission on your investment. But notwithstanding that we advise you not to invest.
The deadline to piss your cash away is 5 PM Tomorrow (Tuesday 27th).
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