The entire issued ordinary share capital of the independent provider of compliance and business services to financial advisers and financial institutions in the UK comprises 76,470,588 ordinary shares.
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Based on the placing price of 170p per share, the market capitalisation of admission is expected to be £130m.
SimplyBiz will trade on the AIM market under the ticker SBIZ following its admission.
Zeus Capital acted as nominated adviser and sole broker on the placing and IPO.
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