DWF completes IPO with admission to London Stock Exchange
DWF has completed its initial public offering and is now trading on the London Stock Exchange, making it the UK’s largest listed law firm.
The entire issued ordinary share capital of 300,000,000 shares was today admitted to the premium listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange under the ticket “DWF”.
At the start of the week, CEO Andrew Leaitherland said the IPO “is only the start and I am confident in DWF’s strong fundamentals and continued growth prospects as a listed company”.
Around £19 million of the net proceeds of the offer will be used to repay a portion of members’ capital contribution to DWF LLP; up to £10 million will be invested in additional IT systems, including the development of DWF’s global platform for managed services; and the remainder will be used to fund general corporate purposes, including working capital and future potential acquisitions.