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."

Further reading

Ganz v Petronz FZE & Goren – key decisions of the arbitration claim

Blog, Legal Updates
08/04/2024
The recent Judgment in the arbitration claim Mordchai Ganz v (1) Petronz FZE (2) Abraham Goren [2024] EWHC 635 has already received attention from legal pundits.  The DMH Stallard’s legal team (Tim Ashdown, Beatrice Bass and Patrick Murray) acted for the Claimant. DMH Stallard was supported by the legal team of Altshuler Law in Israel which is a collaboration enabled through their membership of LEInternational.
Read more Read

Reversal of changes to High Net Worth Individual and Self-certified Sophisticated Investor criteria implemented

Blog, Legal Updates
18/03/2024
As discussed in our recent update, the government announced in the Budget that the eligibility criteria for the exemptions, which allow shares and other financial instruments to be marketed to High Net Worth Individuals and Self-certified Sophisticated Investors without the regulatory protections
Read more Read

FCA to investigate personal guarantees in small business lending following a super complaint

Blog
12/03/2024
The FSB has raised concerns that the demand for personal guarantees by lenders has a detrimental impact on small businesses accessing borrowing to grow
Read more Read

ECCTA: Fundamental changes for companies and considerations for lenders: Practical points to note

Blog
08/03/2024
Tyne Harman outlines some of the key considerations for lenders and borrowers alike to be aware of.
Read more Read
  • Brighton - Jubilee St

    1 Jubilee Street

    Brighton

    East Sussex

    BN1 1GE

  • Brighton - Old Steine

    47 Old Steine

    Brighton

    East Sussex

    BN1 1NW

  • Gatwick

    Griffin House

    135 High Street

    Crawley

    West Sussex

    RH10 1DQ

  • Guildford

    Wonersh House

    The Guildway

    Old Portsmouth Road

    Guildford

    Surrey

    GU3 1LR

  • Hassocks

    32 Keymer Road

    Hassocks

    West Sussex

    BN6 8AL

  • Horsham

    3rd Floor

    Afon Building

    Worthing Road

    Horsham

    West Sussex

    RH12 1TL

  • London

    6 New Street Square

    New Fetter Lane

    London

    EC4A 3BF

  • Make an enquiry

    Make an enquiry

    Message

    Or head to our Contact us page