Numerica to trade shares next week
Accountancy consolidator Numerica will begin trading on Alternative Investment Market next Tuesday after the company allocated its shares to institutional investors.
The business services group is due to issue a press release on Thursday giving financial details and confirming the flotation, news of which was broken by Accountancy Age last week.
A spokesman from financial advisers Collins Stewart confirmed the news saying: ‘Their shares will start trading on the 30th.’
The funds raised will be used to acquire further firms for the consolidator.
Mid-tier firm Levy Gee is the biggest component of Numerica so far, and will adopt the name next year.
Other firms involved include Bristol-based firm NMGW and London firm Jayson Newman, acquired in July and August this year. They will also take on the Numerica name.