London Stock Exchange welcomes ActiveOps plc to AIM

London Stock Exchange today welcomes ActiveOps, a leader in Management Process Automation, to the Alternative Investment Market (“AIM”) under the ticker “AOM”, after it raised gross proceeds of £75.7m. The Placing Price was 168 pence per share resulting in a market capitalisation of £119.8m immediately following Admission.

Founded in 2005 by Richard Jeffery (CEO) and Neil Bentley, ActiveOps provides a SaaS platform to large enterprises with complex and often global back-offices. The Group's software and embedded back-office operations management methodology enables enterprises to adopt a data-driven, scientific approach to organising work and managing capacity.

The Group currently has more than 160 employees with offices in the UK, Ireland, USA, Australia, India and South Africa, and a global customer base of approximately 80 enterprises in more than 40 countries.

Admission is an important step in ActiveOps’ development, allowing the Group to accelerate its growth plans and enhance its profile and reputation within its market. Additionally, Admission will enhance the Group’s credibility when dealing with existing and potential customers, provide increased opportunities to attract, retain and incentivise employees, and provide liquidity for some of its long-standing existing shareholders.

Richard Jeffery, CEO ActiveOps, said: “We are excited that ActiveOps is now trading on London Stock Exchange, a milestone which will support us in our next stage of growth. The IPO provides us with access to a blue-chip investor base while enhancing our credibility as we seek to grow our enterprise customer base. I would like to take this opportunity to welcome our new shareholders and thank our teams around the world for their efforts in delivering our success to date.

Our SaaS platform and embedded back-office operations management methodology simplifies the running of complex operations, enabling our customers to adopt a data-driven, scientific approach to organising work and managing capacity. With the changes caused by lockdowns and the growing complexity of back-office operations, never has that been more important.

With an established, long term blue-chip customer base, high levels of recurring revenue, a clear growth strategy and track record of strong organic growth, we are excited by the opportunity ahead and look forward to a successful future as a public company.”

Neil Shah, Senior Business Development Director, London Stock Exchange said: “We are delighted to welcome Richard and the team at ActiveOps to AIM. It’s great to see another enterprise SaaS company join a growing cohort of over 70 software companies on London Stock Exchange and we look forward to supporting the next chapter in ActiveOps’ growth journey.”

Advisors to the IPO include:

Nominated Adviser, Financial Adviser, Sole Broker and Sole Bookrunner: Investec Bank plc

Legal Advisers to the Company: CMS Cameron McKenna Nabarro Olswang LLP 

Legal Advisers to Investec: Pinsent Masons LLP 

Reporting Accountant to the Company: RSM Corporate Finance LLP

Financial Public Relations Adviser: Alma PR
 

Quick facts

Track
Market: AIM
Instrument market cap (£m)
136.58
Listing/Admission to trading
29 Mar 2021
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