MHP adds to IPO-primed clients with Mortgage Advice Bureau win

MHP Communications has won its second account this month for a client preparing to float on the stock market, with the company saying "the door to the IPO market remains ajar".

The Mortgage Advice Bureau, which arranges about £8bn of mortgages per year, is set to float on AIM on Monday 17 November. On 6 November, vehicle tracking system supplier Quartix debuted on AIM with communications handled by MHP.

The agency told PRWeek that it had advised on five successful IPOs this year in total, including the two launched this month plus NextEnergy Solar Fund, River and Mercantile, and Card Factory.

Katie Hunt, director at MHP Communications, said: "It has been an exceptionally turbulent few months for the IPO market but what is clear from recent successful IPOs is that there is still investor appetite for businesses that are differentiated by their strong brands and market positions, track records of profitable growth, clear growth strategies and the potential to deliver attractive returns through dividends, as in the case of Quartix and Mortgage Advice Bureau.

"So while not all IPOs are making it to the finishing line, we believe the door to the IPO market remains ajar and ready to be pushed open by clearly articulated investment stories."

Quartix was founded in 2001 and provides subscription-based vehicle tracking systems, software and services in the UK.

The Mortgage Advice Bureau has a network of more than 600 mortgage advisers across the UK.

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