IPO Success for Kooth plc on AIM



We are delighted to announce we acted as sole Nominated Adviser, financial adviser and corporate broker to Kooth plc on their initial public offering on AIM. The offer raised £26 million gross proceeds – £16 million for the Company and £10 million for the selling shareholder, Root Capital.

The Panmure Gordon team successfully coordinated and delivered advisory work, diligence, pilot fishing, marketing, deal roadshow and final bookbuild completely remotely due to Covid-19 lockdown. It was a coordinated effort between corporate advisory, corporate broking, research and sales that allowed the transaction to run smoothly and to an accelerated timeline.

Commenting on the transaction, Kooth’s Chief Executive Tim Barker said:

“We are delighted to have successfully floated on AIM which leaves the company very well placed to deliver on our purpose to make personalised mental healthcare available to all. I would like to thank Panmure Gordon and the rest of the advisory team for the flawless execution of our IPO in the unusual conditions imposed by Covid-19 restrictions”.