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The Manchester-based media company LBG Media, also known as LADbible, is planning to make a debut on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) on 15 December 2021.
*Targeting a £360 million London float, the digital media and youth content publisher is all set to launch one of the biggest media industry Initial Public Offering (IPO) on the LSE.
*Capital worth £30 million is expected to be raised on its admission to the LSE through the placement of new ordinary shares and £81 million through a sale of the existing ordinary shares.
*For some some background, LBG is primarily engaged in the production and distribution of digital content across a variety of mediums, such as audio, video, and even and experiences like virtual and augmented reality. Using both in-house contents as well as content from third parties, the company aims to interact with its audience of over one billion per annum spread across the globe.
