GCA Advises Footasylum on Its IPO
Footasylum’s IPO raised £65 million ($85 million) for the company and its existing shareholders. The IPO will provide the business with the funding and platform to continue its expansion and investment in new store openings and online retail activities.
Footasylum retails trendy third-party and private-label products marketed to 16- to 24-year-old fashion-conscious customers. The company operates a multichannel model that integrates 60 physical retail stores with a fast-growing e-commerce platform and a recently launched wholesale arm for distributing its own brands via a network of partners.
The business has assembled an impressive management team and board to execute Footasylum’s ongoing strategic investment of expanding existing routes to market, technology systems and marketing programs that support future growth and optimize customer engagement.
Clare Nesbitt, Chief Executive Officer of Footasylum, said: “We are delighted that our product-led, multichannel expansion strategy has resonated so strongly with investors, and are thrilled to have received such a strong level of demand for the IPO.”
AIM is the London Stock Exchange’s international market for growing companies. Renowned for its balanced approach, AIM helps quoted companies raise the capital they need for expansion within a regulatory framework that gives them the room they need to grow.
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