Shoe Zone confirmed it planned to list last last month, the latest in a string of retailers that have come to market, or are planning to do so this year.
However, after a buoyant start for many offerings earlier in the year, several newly listed stocks have struggled to make gains in recent weeks due to growing fears that valuations in some sectors, notably technology, were getting overheated.
When Shoe Zone first said that it planned to float, a spokesperson said the IPO would value the company at between
The company said that it will have 50 million shares in issue when it is admitted to trading on Friday, and a free float of 44.5%. The money raised in the IPO placing will all go to the selling shareholders, Chief Executive
"We have secured a high quality shareholder base and we would like to welcome these new shareholders to the register and look forward to keeping them updated on our progress," Smith said in a statement.
Separately, Allied Minds said it expects to list on the main market in
Allied Minds tries to develop and commercialise science and technology innovations from US universities and US federal government research institutions. It forms, funds and manages start-up companies to undertake research and product development towards commercialisation of scientific research and innovations.
It currently has 18 subsidiary businesses in sectors including medical devices, biologics, pharmaceutical compounds, cyber security, wireless communications, medical diagnostics, semiconductors and food safety.
"The funds raised will enhance and accelerate our ability to commercialise innovative science and technologies from the world's largest R&D investor, the US. Through our extensive partner network, we have access to a wide range of potentially transformative technologies," Chief Executive
It said it expects to raise about
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