AIM IPO of Shoe Zone Plc

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryRetail & Consumer

The BDO Transaction Services team has advised Shoe Zone plc on its AIM IPO and institutional placing. Shoe Zone is a leading value footwear retailer in the UK and based on the placing price of 160p per share, Shoe Zone plc will have a market capitalisation of around £80m on admission. The company will have 50 million shares in issue upon admission to AIM, and a free float of 44.5%. The money raised in the IPO placing will all go to the selling shareholders, Chief Executive Anthony Smith and Chief Operating Officer Charles Smith, who are placing 22.5 million shares through their Shoe Zone Group Ltd holding company.

"The BDO team provided excellent service on our IPO. They took a commercial approach to the various work streams and their significant retail experience was invaluable in evaluating the detail of our business. The team were a pleasure to work with throughout and the final reports were of an excellent standard, truly reflecting the performance and position of the business".        

Nick Davis - Chief Financial Officer