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

Law firm Knights, which is headquartered in Newcastle-under-Lyme, 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 £50m 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.”