Speechly Bircham advise Marimedia Limited on its AIM flotation
This article was written prior to the formation of Charles Russell Speechlys, through the merger between Charles Russell and Speechly Bircham.
Speechly Bircham have advised Marimedia, an Israeli online media company, on its AIM flotation. Dealings in its shares on AIM commenced on Wednesday 28 May 2014. Marimedia operates in the fast-growing digital media market and optimises online advertising revenue for website owners globally.
Upon admission to AIM, the company will have a market capitalisation of £95 million and will have raised c.£30 million of new money for the company and selling shareholders.
The Speechlys team comprise corporate partner Andrew Collins, corporate solicitors Paul Arathoon, Lianne Chin and Jamie Crawford, and corporate trainee Edith Lai. At a time when many other IPOs have been pulled from the market, this represents a considerable success.
Hagai Tal, Chief Executive Officer of Marimedia, said: "We are delighted to be joining AIM. We believe our listing will enhance our profile and visibility with customers and partners, particularly in our key growth markets."
N+1 Singer Advisory LLP is the company's nominated adviser and broker.