AIM IPO of FreeAgent

Deal typeCapital Markets
IndustryTechnology & Media

BDO acted as reporting accountant on the first Scottish AIM IPO since 2012. The fast growing accounting software provider raised £10.7 million in what was the first ever UK initial public offering on an equity crowdfunded company.       

FreeAgent provides cloud-based Software-as-a-Service accounting software and mobile applications that are designed for UK micro-businesses. It has a subscriber base of more than 50,000 and achieved a market capitalisation of £34 million.            

"Our AIM IPO was a major milestone for the business. The BDO Transaction Services team guided us through the transaction with great expertise, professionalism and minimal fuss. Craig and Julie were a pleasure to work with. They set expectations clearly, were very responsive and addressed key issues early in the process.  The deal went much more smoothly than I could ever have imagined and that was in no small part due to the team at BDO."     

Katherine Tenner, CFO, FreeAgent Holdings plc