Law firm makes Stock Market history with £103m flotation
Law firm Knights made history this morning when it floated on the Stock Market.
The Staffordshire firm was valued at £103m on AIM making it the highest valued law firm.
Four of the firm’s shareholders – commercial operations director Mark Beech, facilities director Joanne Beech, Newcastle-under-Lyme office head Karl Bamford and non-executive chairman Balbinder Johal – will split £20m between them as a result of the IPO.
Chief executive David Beech will retain a shares of around 45.5% and will be subject to a three-yea... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
