i2i owner Ascential Plans Stock Flotation on London Stock Exchange.
Acential, owner of among other brands i2i Events is planning on listing on the London Stock Exchange. Initial reports show they are announcing a plan to raise £200 million with their IPO. The company is jointly owned by Guardian Media Company and Apax Partners.
CEO of Ascential was quoted as saying on the 13th January “As a team we have created an industry leading company for informing and connecting business professionals across our exhibitions, festivals and information services products. These essential products enable our customers to win business and operate more efficiently. By continuously focusing on supporting our customers’ growth and success, we have reinforced the market leadership positions held by the majority of our products.”
City analysts have said that they see the event market as a key sector for them to invest in at present with event related businesses being seen to be of key interest.
Further details pertaining to the stock listing are expected to be announced later this month. We will keep you posted as this story develops further.