Gowling WLG advises Argentex Group PLC on £120 million AIM IPO

2 minute read
25 June 2019

Gowling WLG has advised Argentex, a leading FCA regulated provider of foreign exchange services to institutions, corporates and high net worth private individuals, on its admission to the AIM market of the London Stock Exchange.

Argentex is a UK-based foreign exchange service provider founded in 2011 by its current senior management and Pacific Investments. The Company and Selling Shareholders have raised £46.5 million in an oversubscribed placing and subscription of shares and Argentex has a market capitalisation of £120 million on Admission.

Kris Rogers, a partner in Gowling WLG's corporate team, led and advised on the IPO with support from senior associate Emily Troubridge, associates Craig Griffiths, Kat McGriskin and Orjeta Neli, and tax partner Michael Murphy.

"We're pleased to have represented Argentex on an IPO which was oversubscribed - a strong indication of the company's growth trajectory and investors' faith in the demand for its services," said Kris

Carl Jani, Co-CEO and Founder of Argentex said: "It was a pleasure to work with Kris and the wider team at Gowling WLG. Their knowledge and experience of the IPO process was thorough and invaluable. The positive reception we have received from investors has been hugely encouraging and serves as an endorsement of the financial and operational strength of the business and our differentiated client proposition."

Gowling WLG is recognised for its leading position in the AIM market, acting for AIM companies and advises issuers and the investment banks and brokers that advise them. It brings together experts in tax, corporate, finance, regulatory and dispute resolution to provide a full legal service to its clients.

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