London Stock Exchange welcomes Auction Technology Group to the Premium Segment of the Main Market
Today, London Stock Exchange welcomes Auction Technology Group to trading on the Main Market by way of a premium listing.
ATG has been serving the auction industry since its origins as the Antiques Trade Gazette in 1971. It now operates the world’s leading marketplaces for curated online auctions, seamlessly connecting bidders from around the world to trusted auctioneers across three large markets: industrial and commercial, arts and antiques, and consumer surplus and retail returns.
With multiple growth levers and significant structural market drivers in place, the company is well-positioned to build on its success to date by continuing to enable auctioneers and bidders.
John-Paul Savant, CEO of ATG, said: “We are delighted to be joining the Main Market of London Stock Exchange. Going public is a hugely exciting milestone for the company. It will allow us to continue to lead the evolution of the auction industry by investing in the tools and services that help auctioneers achieve maximum visibility and price realisation for the assets they sell while delivering the best curated online auction experience for bidders.
“The future is exciting for ATG. The auction market is still in the relatively early stages of its structural shift from offline to online. Moreover, against a backdrop of heightened focus on the circular economy, the role that we play as a clearing mechanism in the buying and selling of millions of unique and specialised second-use items is of increasing importance. We have multiple levers for growth, and I am confident that as a trusted partner to both auctioneers and bidders ATG has many years of growth ahead of us.”