arsley Box, provider of ready meals for the over 60s, joined a string of online foreclosure winners in the London Junior Market as it floated on AIM today under the ticker MEAL.
The company, started in 2017 by husband-and-wife founders Gordon and Adrienne MacAulay, went public with a placement price of 200 pence, giving it a market value on admission of around 83.8 million. of pounds sterling.
Shares hit 211p early in the session, before slipping back to 187p.
The listing raised £ 5million for the company and £ 12million for the selling shareholders.
Managing Director Kevin Dorren said: “From an idea developed at the kitchen table to an IPO in just four years, this is an incredible achievement … I look forward to leading the business. through our accelerated growth plans to become a household name. “
Parsley Box recorded sales of £ 24.4million last year. It had previously raised more than £ 10million from investors, including its non-executive chairman, Minecraft entrepreneur Chris van der Kuyl.
The company highlights the relative wealth and opportunities for expanding its consumer population as the UK population ages rapidly.
FinnCap acted as broker and appointed advisor on the float.