September 2020

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Healthcare services delivered digitally

Panmure Gordon acted as Financial Adviser, Nominated Adviser & Sole Bookrunner on the IPO of Kooth plc, a leading provider of online mental health services

  • Admitted to AIM on 2 September 2020
  • Highly oversubscribed institutional offering – deal size increased due to investor demand


Offer price of 200p / £66m market cap on admission

  • £16m primary offering for the Company to invest in its growth strategy
  • £10m secondary offering – selldown achieved for Root Capital through surplus demand
  • Shares closed at 225p on first day of trading (+12.5%)
  • Executed the whole transaction remotely due to Covid-19
  • Over 20 institutional investors & wealth managers on the share register on day 1
  • Full deal size more than covered from pilot fished institutions
  • Accessible digital provision of mental health services
  • Huge underlying demand for mental health services in the UK
  • Subscription-based model with high levels of recurring revenue
  • Clear avenues for growth into adult, corporate and international
  • Highly experienced management team with proven track record

Contact Panmure Gordon

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