Strakan shortlists agencies for help with IPO planning

Pharmaceuticals group Strakan is staging beauty parades for City PR support ahead of its stock market debut, scheduled for spring next year.

The five-year-old company has already held talks with up to ten financial PR consultancies for the business and has drawn up a shortlist of potentials to help prepare the firm for its IPO.

Strakan head of corporate communications David Watt, while pitching this summer, said the firm would look to appoint officially four months ahead of the flotation date, which is set for spring next year.

'I've drawn up a shortlist of agencies who will be seen again in the summer, with a view to appointing by the end of the year,' said Watt.

He added: 'We are going to wait until the markets are ready to receive us and then go for it.'

Strakan confirmed it had appointed Credit Suisse First Boston as financial adviser for the stock market listing.

The Galashiels-based company already retains James Harbison & Co in Edinburgh for general external communications support.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

Max Clifford trial jury finishes sixth day of deliberations

Max Clifford trial jury finishes sixth day of deliberations

The jury in the trial of celebrity publicist Max Clifford on 11 charges of indecent assault has been sent home and will reconvene tomorrow morning for a seventh day of deliberations.

Analysis: Fishburn chiefs keep eyes on future despite mounting departures

Analysis: Fishburn chiefs keep eyes on future despite mounting departures

Fishburn's management have defended their reinvention of the 23-year-old agency amid industry mutterings, fed by a series of director-level departures, about the direction in which it is going.

Hit or Miss? EasyJet backs Shakespeare Day campaign with world record attempt

Hit or Miss? EasyJet backs Shakespeare Day campaign with world record attempt

EasyJet aimed to break the world record for the highest ever theatrical performance for Shakespeare's 450th birthday yesterday with the Reduced Shakespeare Company performing on a flight from Gatwick to Verona.

Top PRs to gather in Barcelona for inaugural PRWeek Global Congress

Top PRs to gather in Barcelona for inaugural PRWeek Global Congress

Senior executives from IBM, Nestlé, Vedanta, GE, Cargill, Philips and Allianz will be among the speakers at PRWeek's first Global Congress.