Seraphine valued at 150 meters before share price

// Seraphine’s market capitalization reaches about 150.2m before the share price

// It confirms the successful pricing of its IPO at 295 pence per common share

// Contingent transactions in Seraphine’s shares are expected to begin today at 8 a.m. on the London Stock Exchange Exchange

Seraphine has announced the successful pricing of its IPO at 295 pence per common share as it prepares to go public.

Based on the share price, the online maternity chain said its market cap would be around 150.2 million at the start of contingent trades on the London Stock Exchange’s main listed securities market.

Seraphine said the IPO includes 20,677,011 new shares issued by the company to raise gross proceeds of approximately 61 million, and 4,931,278 sale shares sold by certain existing shareholders, representing a total size of the offer of approximately 75.5 million.

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Immediately after its admission to the London Stock Exchange, Seraphine said its issued share capital will be 50,902,011 common shares.

Conditional transactions in the retailer’s shares are expected to begin at 8 a.m. today on the London Stock Exchange under the ticker “BUMP”.

We are absolutely delighted to begin our journey as a publicly traded company by joining the Main Market of the London Stock Exchange, increasing our profile and providing us with the platform to realize our international growth plans,” said Seraphine CEO David N Williams.

“I am pleased with the strong support we have received for our IPO and I would like to welcome our new shareholders to the register.

I would like to thank the entire Seraphine team who have worked so hard to grow the business since it was founded in 2002, as well as our customers, who rely every day on Seraphine to support them during such an important time in their lives.

This exciting next step in the company’s journey will ensure that we build on our existing strong foundations, reach more customers around the world and continue to deliver innovative designs that support the journey of motherhood.

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