DMH Stallard advises on £48 million AIM IPO of itim Group plc

30 Jun 2021

DMH Stallard’s London office has acted for itim, that as of 28 June 2021 has been admitted to AIM, a market operated by the London Stock Exchange, under the ticker ‘ITIM’.


The Admission price was 154p, resulting in a market capitalisation of £48.1 million. 

The DMH Stallard team was led by Chris Simmons, the Group Head of London Corporate, and included Nick Williams, Georgie Glover, Nuria Ashmore Barrios, Amber Monaghan, Jay Barnett, Rebecca Thornley-Gibson and Rebecca Leaves.

itim Group plc is a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors.

itim was established in 1993 by its founder and Chief Executive Officer, Ali Athar, who said:

"Today marks an exciting new chapter for itim.  Our successful IPO and admission to AIM represents a significant moment for the company. We have enjoyed strong growth and a clear strategy to execute this growth over the coming years as traditional retailers convert to omni-channel."

"I am pleased to welcome our new shareholders to itim and look forward to the future with confidence."

From the £8m raised for the company by the placing, itim will invest in a number of areas of the business, including the development and refinement of the company's software, advancing potential M&A opportunities and extending their reach internationally into new territories. 

Chris Simmons, Partner at DMH Stallard, said:

"It is always very satisfying to have played a small part in such a landmark moment for a company when it is admitted to the London Stock Exchange."

"Under the visionary leadership of Ali Athar, itim has a very exciting future to look forward to and I wish him and his team well on the next phase of their corporate journey."

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