E-learning business Skillcast plans to float in London

- Advertisement -


s

Kilcast, an e-learning and compliance training firm whose products support hybrid working, intends to swim in London’s junior AIM market.

- Advertisement -

The London-headquartered company wants to start trading on AIM from December 1. It has raised £3.5 million conditional on entry, and is expected to be worth £33.1 million.

- Advertisement -

Skillcast, which employs 80 people, offers software and e-learning courses that keep workers up to date with compliance with various laws and regulations related to a particular occupation.

It said: “The directors are of the view that the industry is moving towards cloud-based platforms for employee training and compliance, especially in light of the increase in remote and hybrid working arising out of the COVID pandemic. “

- Advertisement -

The firm has worked with clients including Schröders and British Land. Allenby Capital is offering advice on the float.

Chief executive Vivek Dodd, a former investment banker at JPMorgan, said the move would help Skillcast “invest further in technology development to improve user experience.”

The company owned by the management and employees also believes that having a listed business will help recruit and retain employees.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox