Law firm admitted to AIM with market cap of £103.5m

David Beech

Law firm Knights, which has an office in Derby, had been formally admitted to AIM.

The firm will be boosted by around £30m from its placing on the markets, which it says will be used to pay off debt.

Knight raised £50 from its share issue and has a market capitalisation of £103.5m.

David Beech, chief executive at Knights, said: “We are delighted to be joining AIM today with a high-quality register of institutional investors that is testament to the strength of our business model. We are looking forward to life as a listed company and keeping our new shareholders updated with our ongoing growth plans as we seek to build on the positive momentum we have generated in recent years.”

Click here to sign up to receive our new South West business news...