Share

Camden Market goes for London listing

London - The owner of London's Camden Market, a popular destination for young tourists buying retro clothing, is to list on the city's stock exchange this month and raise up to £100m.

Market Tech Holdings Limited is set to become the biggest company to list on London's Alternative Investment Market (AIM) this year, valuing the business at £750m, the company said on Monday.

The group of real estate assets is backed by Israeli billionaire and Teddy Sagi, the Israeli who founded online gambling software company Playtech.

Sagi bought the Camden Stables Market site in north London in March for 400 million pounds. He purchased another section called Camden Lock Market in October for £100m, bringing them under single ownership for the first time.

Sagi will not be selling any of his holding, the company said.

The 11-acre site by the Regent's Canal attracts 28 million visitors a year to its eclectic mix of bric-a-brac stores, arts and crafts shops and fast food vendors.

The funds raised will be used to develop an e-commerce platform, market.com, and further development of the sites. Jefferies, Berenberg and Shore Capital are joint stockbrokers to the listing.

Levels of UK initial public offerings (IPOs) have soared this year as companies seek out capital from yield-hungry investors. The amount raised is up 72% so far against the same period in 2013, according to Thomson Reuters data.

The AIM exchange is designed to provide a market for shares in smaller companies seeking to expand their businesses.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders