£156.5 million AIM IPO for Microlise Group

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Microlise Group plc

Singer Capital Markets is delighted to have acted as Nominated Adviser, Sole Broker and Bookrunner to Microlise Group (SAAS.LN) on its £156.5 million AIM IPO and oversubscribed capital raise of £61.2 million.

£156.5 million AIM IPO for Microlise Group raising £61.2 million on admission

In July 2021 Singer Capital Markets acted as Nominated Adviser & Sole Broker to Microlise on its successful admission to AIM, raising £61.2 million in a significantly oversubscribed Placing. Microlise had a market capitalisation on admission of £156.5 million with a free float of 39.1%. Microlise also qualifies for the London Stock Exchanges’ Green Economy Mark.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience. Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia.

The reason why we chose Singers is because they gave us a strong impression that they really understood the market, and the IPO market in particular. They had a lot of information and guidance for us that we felt was more in our interests than in actual fact their interests.