Strong investor demand for GB News’ inaugural private raise
Panmure Gordon acted as sole financial adviser and placement agent to GB News in their successful Series A fundraise.
GB News is soon launching a 24-hour television and digital news service to bring more choice to British viewers. The company expects to reach 96% of British television households via Freeview, Sky, Virgin Media, YouView and Freesat. It will also launch a suite of streaming, video-on-demand and audio services.
Chairman Andrew Neil, who will also host a prime-time programme on GB News, said he was hugely encouraged by the confidence investors had shown in the business. “We’re thrilled to have such a broad range of high-calibre investors”.
The equity raise was well oversubscribed with strong interest from high quality private investors.