Eddie Stobart IPO gets green lights for next month


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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