Perform Group, the leading digital sports media company, has announced it plans to float on the London Stock Exchange.

Perform Group – Digital Sports Media

Perform is looking to make an initial public offering (IPO) to float a minimum of 25% of the company, with hopes that the primary component of the share issue will raise about £70 million. Existing management and staff currently own 40% of the business and, along with US group Access Industries, will reduce their stakes as part of a secondary component to the flotation, which is expected to value the company at more than £500 million. [Read more…]