itim Group eyes opportunity in post-pandemic retail as it launches London IPO
itim Group Plc is seeking to float on London’s AIM market as it bids to capitalise on the structural shifts in the retail sector amidst the pandemic.
The company, a software as a service (SaaS) business that claims to enable store-based retail to compete with online rivals, is seeking a £10mln to £12mln raise in an IPO.
It offers customers an omni-channel (a mix of online and offline) retail solution to more than sixty brands in the UK and worldwide. The software for example allows for both home delivery and in-store ‘click-and-collect’ and also supports in-store returns for online purchases.
The company highlighted that it has grown its annual recurring revenue by 55% since the start of 2018 and its forward growth strategy will seek to expand its client base and expand into new territories, along with acquisitions to enhance product and it portfolio of customers.
“We are delighted to announce our intention to float on AIM, representing an exciting new chapter in the company’s history,” said Ali Athar, itim chief executive.
“Our firm belief is that if bricks-and-mortar retailers are to compete in a post-Covid world, they will need to operate a best-in-class omni-channel service.
“It is the only way they will be able to withstand the domination of pure online retailers and regain market share through using their store estates to their competitive advantage and improving profitability.”
WH Ireland will be the sole broker for the IPO and it will be the company’s nominated adviser.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/951648/itim-group-eyes-opportunity-in-post-pandemic-retail-as-it-launches-london-ipo-951648.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).