London Stock Exchange welcomes Glantus Holdings PLC to AIM

London Stock Exchange today welcomes Glantus to AIM under the ticker “GLAN”, after it raised gross proceeds of £10m for the Company and a further £4m for shareholders. The Placing Price was 102 pence per share resulting in a market capitalisation of £37m at Admission.

Glantus is a global provider of Accounts Payable (“AP”) automation and analytics solutions. It utilises a technology that layers onto existing data systems and transforms and analyses data to improve finance automation, and delivers analytics and data science to business users. The Company products focus on three areas: Active AP Discovery, Intelligent AP Automation and Advanced AP Analytics.

The Company’s solutions are built on its proprietary Data Platform which allows for the capture of data providing automation, visualisation and advanced analytics. It offers real-time and on-demand reporting capabilities that enable various stakeholders in an organisation, including Chief Financial Officers, shared service and finance directors, and AP managers to make data-driven decisions. Moreover, the solution uses automation to improve efficiency, reduce user-related errors and manage risk.

With two principal operational divisions covering EMEA and the US, these solutions are offered to over 300 customers, more than 50 of which Glantus classifies as Large Enterprises, including Fortune 500 companies and other large-multinationals. 

The Directors believe that the Company is uniquely positioned to capitalise on the significant investment that enterprises are now making in the automation of the AP function and believe that there are significant growth opportunities available.

The net proceeds from the Placing receivable by the Company will provide the Company with equity finance to support its growth strategy by investing in account management, sales and marketing, and will provide balance sheet strength for the Group to consider further M&A activity. Admission will also increase and strengthen the Company’s corporate profile.

Maurice Healy, Founder & CEO of Glantus, said:

“It is a significant milestone and in many ways it's also the beginning of an even bigger journey for us. We have strong growth plans, both organically and, potentially, through acquisitions to take our product across the globe and we're really pleased to become a public company on London Stock Exchange.”

Neil Shah, Senior Business Development Manager, London Stock Exchange, said:

“We’re delighted to welcome Glantus to AIM and congratulate the company and its advisory teams on its successful flotation.

“It takes considerable effort to build a business from scratch and it’s great to see a serial entrepreneur such as Maurice return to the market.

“Glantus’ successful float underlines the London markets’ support for FinTech businesses to help them build and scale. Glantus represents the fourth high growth FinTech company to go public in London this year to date.

“London Stock Exchange is home to more international businesses than any other exchange. We’re delighted to see a Dublin-headquartered business join AIM, providing access to the deepest pool of capital in Europe, to support its international growth.

Advisors to the IPO include:

  • Nominated Adviser and Corporate Broker: Arden Partners plc
  • Legal Advisers to the Company: Forsters LLP (English Law), Beauchamps LLP (Irish Law)
  • Financial Public Relations Adviser: Flagstaff Communications

To find out more about Glantus Holdings plc, please visit Glantus Investors

Quick facts

Track
Market: AIM
Instrument market cap (£m)
33.55
Listing/Admission to trading
11 May 2021
Looking for new and recent issues?

More recent

102.72
London Stock Exchange welcomes the Launch of Europe’s first global airline industry ETF offers investors pure play exposure to the rebounding airline industry

The launch of Europe’s first global airline ETF, U.S. Global Jets UCITS ETF (ticker: JETS)  ‘JETS’ on the HANetf platform will deliver exposure to the airline industry as it tracks companies within the commercial airline, aircraft manufacturing, and airport & terminal services industries.  The JETS airli

Learn more
102.72
London Stock Exchange welcomes iClima Earth listing its world’s first distributed renewable energy ETF

Environmental impact fintech, iClima Earth, is set to launch the world’s first ESG UCITS exchange traded fund (ETF), the iClima Distributed Renewable Energy UCITS ETF, that provides exposure to companies promoting the decentralisation of energy generation.  Distributed renewable generation is the ecosystem that allows green energy to be created and managed close to the point of use, for ex

Learn more
65.1
London Stock Exchange welcomes Women in Banking & Finance for the Accelerating Change Together Research Programme

Women in Banking & Finance (WIBF) opened London’s markets for trading today for the launch of the GOOD FINANCE Framework: Creating Inclusive Organisations in Financial and Professional Services. The launch of the framework marks the first year of the Accelerating Change Together (ACT) programme and proposes concrete actions for organisations wanting to retain and develop their most talented

Learn more
60.64
London Stock Exchange welcomes Leverage Shares for the launch of the first-of-its-kind Stock Tracker ETPs

Leverage Shares, the pioneer of short and leveraged ETPs on single stocks, has launched first-of-its-kind Stock Tracker ETPs (the “Stock Trackers”). These trade in local currency and track individual stocks like Tesla, Coinbase and the FAANGs. This takes their range to 105 ETPs on London Stock Exchange’s Main Market.

Stock Trackers are revolutionary in their simplicity and v

Learn more