Four City PR firms benefit in busiest day for IPOs this year

Maitland, Tulchan, FTI Consulting and MHP are all in action at a high point in the revival of the IPO market with four companies announcing intentions to float this morning.

Maitland is advising Zoopla, the property search website that is challenging market leader Rightmove and in which Brunswick-advised DMGT is planning to reduce its 52.6 per cent stake.

Tulchan is working for B&M, a UK-based discount retailer that is planning global expansion and is chaired by former Tesco chief executive Sir Terry Leahy.

FTI Consulting has been engaged by Wizz Air, a low-cost airline operating from Central and Eastern Europe, which is attempting to raise €200m.

MHP’s brief is from River & Mercantile, which specialises in advising retail financial intermediaries and insurance companies.

Today’s flurry of announcements, which is the highest number so far in 2014, takes this week’s IPO total to eight. The four that came out earlier this week were:

  • Science commercialisation company Allied Minds, advised by FTI Consulting
  • Investment fund Fair Oaks Income Fund, advised by Camarco (recently launched by former FTI Consulting staff)
  • Computer gaming retailer Game Digital, advised by Citigate Dewe Rogerson
  • Healthcare diagnostics business BBI, advised by FTI Consulting

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