Yahoo Finance E-learning business Skillcast plans to float in London
Skillcast, an e-learning and compliance training firm whose products support hybrid working, is intending to float on London’s junior AIM market.
The London-headquartered company is looking to start trading on AIM on December 1. It has raised £3.5 million conditional on admission, and is expected to be valued at £33.1 million.
Skillcast, which employs 80 people, provides software and e-learning courses which keep workers up to date with compliance around various laws and regulations relevant to a particular business.
It said: “The directors believe that the industry is shifting towards cloud-based platforms for staff training and compliance, particularly in light of the increase in remote and hybrid working arising from the Covid pandemic.”
The firm has worked with clients including Schroders and British Land. Allenby Capital is advising on the float.
Chief executive Vivek Dodd, a former investment banker at JP Morgan, said the move will help Skillcast “invest further in technology developments for improving user experience”.
The company, which is owned by management and employees, also believes being a listed business will help with recruiting and retaining staff.
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