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GlobalCapital, a leading news, opinion and data service for the international capital markets, has presented Softcat with its Equity Capital Markets 'Best IPO under $300m' award for 2016. Rory Watts, Softcat's marketing manager, collected the award on the company's behalf at a black tie ceremony hosted yesterday evening at The Banking Hall, London. The award recognises Softcat's successful initial public offering on the London Stock Exchange during November of 2015.
The Best IPO award, one of several 'Deals of the Year' recognised during the evening, was decided by means of a vote by banks, investors and issuers.
"2015 was a landmark year for us," commented Martin Hellawell. "We transitioned from being known as one of the UK's fastest growing, privately owned VARs to becoming a publicly listed, publicly accountable company. While our status has changed, our ethos and focus remain the same. We'll continue to work hard to deliver excellent customer service based on our industry-leading partner relationships and outstanding employee engagement."
"We are honoured that the professional investment community has voted for our IPO as being worthy of this award. The process of floating Softcat was challenging, but thanks to exceptional teamwork from our employees, directors and advisors we stayed on track, met our milestones and delivered a positive result. The successful performance of our initial public offering on the London Stock Exchange reflected the very encouraging response we received from institutional investors as we shared our equity story. As part of the IPO process we have strengthened our board and improved our governance, putting us in a strong position for continued success."
Softcat commenced its first day of trading on the London Stock Exchange on the 18th November 2015 with a valuation of £472m.
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