SPARK advises IMImobile plc on IPO

Spark Advisory Partners Limited (“SPARK”) is delighted to announce the successful AIM IPO and £30m fundraising of its client IMImobile plc. SPARK acted as financial and Nominated advisor to the company and its UK, Indian and US based venture capital shareholders. SPARK worked closely with the management team and shareholders to analyse and assess a variety of deal structures and concluded that an IPO would maximise value for the exiting shareholders and enhance the company’s ability to continue to grow both organically and through acquisitions.

Matt Davis, Partner, Spark Advisory Partners, commented: “The success of the IPO is testament to management’s strength and the exciting growth prospects of the company. As an independent corporate finance advisor, SPARK has been ideally placed to work with the company to evaluate the type of deal that supports management’s longer term business strategy. We look forward to continuing to work with IMImobile in the next stage of its development.