• About
  • Contact
Tuesday, July 1, 2025
No Result
View All Result
Londoner News
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
No Result
View All Result
Londoner News
No Result
View All Result
Home Markets

UKFast mulls £350m float to fuel rapid growth

by The Editor
July 30, 2018
in Markets
0
UKFast mulls £350m float to fuel rapid growth
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Rapidly growing tech firm UKFast is eyeing up a potential IPO in order to help fund further acquisitions.

It has approached the global investment bank, GCA Altium, to review its strategic options, with an estimated £350m float one of the prime considerations.

The Manchester-based company, which was founded in 1999 by Lawrence and Gail Jones, specialises in the provision of web hosting services, both for other companies and the public sector.

Read more: Microsoft soars past $100bn revenue mark, boosted by the power of the Cloud

Chief executive Lawrence Jones MBE said: “Weve given away shares in the company to loyal teammates who work incredibly hard, but we've never seriously considered selling shares before now.

“Last year's 18 per cent growth demonstrates that we're continuing to innovate and that we've got something special here. Timing is critical and a great deal depends on market conditions, so thats why weve appointed GCA Altium.”

UKFast acquired public sector cloud and security specialists Secure-IA last year, expanding their access to government contracts.

Read more: The world's first ever insurtech IPO has raised $1.5bn

The company, which employs 325 people, provides dedicated servers, cloud services and colocation to more than 5,000 government, public sector and commercial organisations. Turner was recorded at £47m.

However, the firm is eager to pursue more growth opportunities.

“There are many more great technology businesses out there that complement UKFast and that we'd be interested in acquiring. An IPO gives us the funds and the clout to look at deals that are currently out of reach,” Lawrence Jones added.

The Editor

Next Post
Tesla released a $1500 surfboard, and it sold out in a matter of hours

Tesla released a $1500 surfboard, and it sold out in a matter of hours

Recommended

F&O: Put writing signals Niftys supports shifting higher; VIX still a worry

F&O: Put writing signals Niftys supports shifting higher; VIX still a worry

7 years ago
Over 170 carers call UK whistleblower helpline

Over 170 carers call UK whistleblower helpline

5 years ago

Popular News

    Connect with us

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    Category

    • America
    • Britain
    • Entertainment
    • Europe
    • Health
    • International
    • latest news
    • London
    • Markets
    • Science
    • Tech
    • Travel
    • Uncategorized
    • Women

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • About
    • Contact

    © 2020 londonernews

    No Result
    View All Result
    • Home
    • Science
    • Travel
    • Tech
    • Health

    © 2020 londonernews