What does Kitwave Group’s IPO mean for the business and what comes next?
Kitwave Group’s move to go public last week and list on London’s junior AIM market is big news for wholesale.
The family-owned business is only the second food and drink wholesaler to be listed from The Grocer’s Big 30 Wholesalers, following Booker, which trades as Tesco.
The Initial Public Offering has seen “strong investors” pour £82m into the North Tyneside-based business, with dibs on shares said to be “oversubscribed” ahead of its 24 May listing, resulting in a valuation for the company of £105m.