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DWF looks to raise £75 million from London Stock Exchange flotation

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A quarter of the firm up for sale

📸 DWF’s London office

International law firm DWF today formally announced its intention to float on the London Stock Exchange (LSE) in a move expected to raise around £75 million.

In a statement, the 27-office-outfit revealed it will put at least a quarter of the business up for sale as issued share capital on the main market of the London Stock Exchange (LSE). DWF said it was aiming for a March flotation, with partners subject to lock up arrangements (contractual obligations making it very difficult for them to leave the firm) until April 2024.

According to the firm, it will use the fresh injection of cash to help repay a portion of the members’ capital contribution, invest in operations and infrastructure, fund working capital for general corporate purposes and future acquisitions.

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In stark contrast to its humble regional beginnings, DWF will become the first legal practice eligible for admission in the FTSE.

Speaking last month, DWF’s chief executive, Andrew Leaitherland, said: “This is important step for DWF and our future growth story, highlighting just how far we have come over the past decade.”

The Manchester-headquartered player revealed last summer is was considering a number of strategic growth options, including an Initial Public Offering (IPO), in a bid to achieve its “objectives more quickly”.

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12 Comments

Anonymoney

Is the title wrong? I thought this was meant to be a BILLION £ listing?

o.O

(10)(0)

Anonymoney

I just read again, my bad. This is not the IPO they were talking about.

(3)(2)

Anonymous

What happened to the article about Vardag?

Why can’t we post about what an appalling person she seemed

(10)(0)

Anonymous

LMAOOOOOOOO klassik LC

(1)(1)

Anonymous

I’ll get us started then. LMFAO DWF? ABSOLUTE MEME FIRM. DO THEY EVEN HAVE A NQ SALARY. SUCH A SWEATSHOP. MY LIFE IS SO MUCH BETTER AS A SENIOR PARTNER AT LATHAM. OH EXCUSE ME ABOUT TO HAVE A FUN TIME WITH MY SECRETARY SO HAVE TO LEAVE YOU ABSOLUTE MELTS

(18)(2)

Anonymadlad

absolute mad lad!

(3)(0)

Anonymous

LMAO DWF merked

(0)(0)

Anonymous

The biggest ownage I have ever seen on LC was on the other DWF float article when that idiot got busted for copying and pasting a quote from ROF about the same subject. I still laugh at how badly that person got caught out.

(85)(1)

Anonymous

Manchester. Headquartered. FIRM.

(3)(0)

Anonymous

This will float like the log I laid in the toilet last night

(6)(0)

Steven Seagull

Isn’t this a Garden centre/DIY chain?

(3)(16)

Anonymous

Poor attempt at humour.

The common joke is them being a sofa shop.

Close but no cigar.

(27)(1)

Comments are closed.

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