Quiz to debut on London’s AIM market
Fashion retailer Quiz has revealed that its shares have been priced at £1.61 each ahead of its flotation on the Alternative Investment Market.
The placing is expected to raise £102.7 million and the company will be valued at around £200 million when it makes its stock market debut on 28 July.
Some £92.1 million of the proceeds will go to selling shareholders while £10.6 million will be used to accelerate growth.
Quiz has 73 standalone stores and 165 concessions in the UK and the Republic of Ireland. It also has a presence in 19 countries through 65 international franchise stores, concessions, wholesale partners and international online partners.
Never Miss a Retail Update!The company was founded in 1993 in Glasgow and employs approximately 1,350 people in the UK and Ireland
Tarak Ramzan, Quiz founder and chief executive, said: “Today’s announcement marks an exciting new phase in Quiz’s growth and development as a leading international omni-channel fast fashion brand.
“We are confident that the company’s admission to AIM will help QUIZ to deliver its clear omni-channel growth strategy and enable the brand to achieve its hugely exciting global potential.”
