Eddie Stobart IPO gets green lights for next month

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An Eddie Stobart IPO is set to go ahead early next month in April as it lists on the Alternative Investment Market with an expected market capitalisation of over £550m:

The money raised from the initial public offering will allow Eddie Stobart to pursue both organic and acquisition-led growth in a highly fragmented market that is flourishing on the back of the booming European e-commerce sector, holding company Greenwhitestar UK said.

Cenkos is the appointed broker to the IPO.

Source: Reuters

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