Highlights
- Tech based corporate insurance company Optima Health is planning to publicly list on LSE’s submarket AIM.
- The company could tentatively list later this month; however, it has not confirmed the details yet.
- LSE IPOs have seen a bumper year in 2021 so far, raising about US$ 17 billion
UK based technology enabled insurance company Optima Health Group PLC, on Wednesday, disclosed its plans of listing on the London Stock Exchange’s submarket, the Alternative Investment Market (AIM).
Optima Health is a leading corporate health and wellbeing company, with the majority of its operation taking place in the UK.
Optima Health IPO plans
Optima Health said it is currently mulling an initial public offering (IPO) later this month, however, the tech-enabled occupational insurance firm has not yet revealed the number of shares it plans to issue or its listing price.
The company aims to help businesses support their staff and workers health and wellbeing by offering digitally enabled healthcare services and solutions.
London’s IPO boom
The LSE has seen a boom in IPOs this year, particularly in the technology sector. It has raised about US$ 17 billion in 2021 in the year so far. It also expects to attract further IPO listings as the exchange is mulling to reform some of its listing rules.
The Optima Health IPO announcement comes just days after Goldman Sachs backed PE arm Petershill Partners revealed its plans for a US$ 5 billion IPO on the exchange.
Related Article: Petershill IPO: When can you buy shares of this Goldman Sachs’ AMC unit?
Bottom Line
The IPO boom on the LSE will allow Optima Health to tap into investors from one of the hottest capital markets in the EU and also help capitalise on the IPO boom momentum.
And as listing on AIM is commonly for smaller cap firms with high growth potential, Optima Health can tap into investors who are seeking to invest in such stocks.
Moreover, some IPOs listed on AIM eventually moved to the LSE’s main market based on their performance and company growth.