Having gained multiple ABS licences in 2012, Irwin Mitchell has also toyed with the idea of a stock market flotation for the best part of three years.
Now it looks like the firm could be about to follow through with its plan. As we report today, Irwin Mitchell appointed brokers last year with the specific aim of laying the groundwork for an IPO.
Although the firm has until now funded its activities with banking facilities that total up to £90m, being able to attract cash that doesn’t bear a hefty interest rate will be appealing, especially now the firm is engaged in making expensive TV commercials.
If it goes ahead with the plan Irwin Mitchell won’t be the first publicly-owned UK firm: that title went to its insurance-sector rival Russell Jones & Walker (RJW) in January 2012, when it was taken over by listed firm Slater & Gordon.
But given that RJW’s owner is an Australian-listed business, Irwin Mitchell could be the first to float in the UK. That could be a bit of history worth making.
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