Inspecs to float on London Stock Exchange

Inspecs has announced that it will trade on the London Stock Exchange in order to invest in the business and fund its acquisition strategy.

The eyewear company will place 48.2m shares at 195p each, raising £94m and listing at a market capitalisation of £138m.

Trading is expected to take place on February 27 and will see Robin Totterman, CEO of Inspecs, interested in 26.7% of the company’s shares with 52.2% in public hands.

Speaking about the decision, Totterman said: ‘Today marks a truly exciting moment for Inspecs as we embark on the next stage of our growth journey in order to capitalise on the significant market opportunity that exists in the globally expanding eyewear industry.