London Stock Exchange welcomes Public Policy Holding Company to AIM
London Stock Exchange today welcomes Public Policy Holding Company (PPHC), a leading bi-partisan, full-service US government affairs business headquartered in Washington, DC, USA, to AIM under the symbol ‘PPHC’.
PPHC operates a portfolio of independent firms offering public affairs, crisis management, lobbying and advocacy services on behalf of corporate, trade association and non-profit client organisations. Clients engage the Group to enhance and defend their reputations, advance policy goals, manage regulatory risk, or otherwise engage with US federal and state-level policy makers, stakeholders, media, and directly to the public at large.
Since its inception in 2014, the Group acquired and integrated eight businesses, now operating as five separate, independent companies, focused at the federal government level in the US and with expanding reach into key US states and metropolitan areas. The five operating entities which form the operating subsidiaries of the Group are Crossroads Strategies LLC, Forbes Tate Partners LLC, Seven Letter, O’Neill & Associates and Alpine Group Partners LLC..
PPHC is being admitted to trading on AIM following its Placing and Initial Public Offering which raised £30.7m from the placing of New and Existing Common Shares. The shares were admitted at 135p, resulting in a market capitalisation of approximately £146m. The proceeds will be used to fund accelerated growth and talent acquisition and repay the outstanding balance on its revolving line of credit.