The live entertainment group, acquired by mm2 Asia last year, delivered an 118% return on investment to shareholders in its first day trading on SGX
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The artist-focused music group is planning to float on London’s Aquis Stock Exchange next week after a promising initial public offering
By IQ on 17 Dec 2021
UK-based music company ATC is planning to float on London’s Aquis Stock Exchange next week after raising £4.15 million (€4.86m) in its initial public offer (IPO).
Asset management company Schroders bought almost a 10% stake in the IPO, which was priced at 153p per share, giving the company a market capitalisation of approximately £14.66m on admission, according to Proactive Investors.
ATC (All Things Considered Group Plc) said it will use the money raised to provide additional funds and presence to enable the directors to seek growth across each of the company’s separate divisions.
The company’s divisions include booking agency ATC Live, led by Alex Bruford, which boasts a roster of more than 350 artists including Fontaines D.C, Georgia, Alma, Goat Girl, Mac Demarco, Metronomy and Nick Cave.
“[The new investors] appreciate the scale of the opportunity out there for a holistic artist-focused music group”
ATC Management, meanwhile, represents artists such as Faithless, Jonny Marr and Laura Marling and PJ Harvey.
The company also produces livestream events through subsidiary company Driift, and now also operates in the sync, brand partnerships and promotions sectors through a variety of strategic partnerships.
Headquartered in London, ATC also has offices in Los Angeles and Copenhagen.
Chief executive Adam Driscoll, says: “I am delighted that new investors have bought into our vision, appreciating the scale of the opportunity out there for a holistic artist-focused music group in a rapidly evolving industry.”
“The board and I look forward to welcoming our new institutional and individual shareholders to the group.”
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