The Board released a statementstaing that “despite a strong level of interaction with and interest from institutional investors”, it hadÂ decided to discontinue its plans for an IPO at this stage.
Often theÂ success or otherwise of any initial public offering (IPO) will largely dependÂ onÂ marketing! You have to put tgether an attractive packageÂ to investors which will include the publication of research reports, pre-marketing meetings, road shows and one on one presentations, including advertising and other publicity.
FatFace (from Hampshire)Â has a Â£179m-turnover business, and revealedÂ ts plans to go public 1 May 2014.
Anthony Thompson FatFace’s CEO said:
“Since 2010, we have delivered strong financial growth and we believe that we have created a firm foundation for continued expansion within the UK, as well as laying down some initial plans for a controlled trial to take the brand to the United States…I am very proud of everything our management team and crew have achieved. I am confident that our position as a public company will give us the platform to continue growing our customer offer and deliver products which are designed to be loved by all our customers for life outside 9-5.”