Capital markets

We can help you decide whether raising finance is the right course of action for your business.

Advantages of going public

	Access to alternative sources of finance
	Creation of a market in the company's shares
	Enabling the company to expand through acquisitions; by issuing shares rather than cash
	Raising the company's profile
	Enhanced ability to grow
	Making possible the tax-efficient offering of shares to employees
	A public company supported by a capital market should be able to source conventional bank borrowing

Disadvantages of going public

	The company may be too small and the significant costs of listing could outweigh the benefits
	The company's growth prospects may not be strong
	Running a public company may not suit the directors due to the greater formality, accountability to a wider base of shareholders and legislative requirements
	The company's performance is brought under the public spotlight
	Market constraints can restrict flexibility - for example, demands by the market for dividend growth may lead to a reduction in working capital
	Founders of the company will be diluted

Which market should you choose
Your choice of market will depend on:

	The size and maturity of your company
	The target amount you wish to raise on the Initial Public Offering (IPO)
	The company's aims and objectives
	The geographic area in which you intend to operate

We have a thorough knowledge of the markets available to you and can help you choose the right market for your company. When you have made your choice we can guide you through every aspect of the flotation process.

We can help you make all-important decisions as to whether IPO should play a part in your plans and, if so, which market is right for you. We can advise you as to the actions that will be needed to prepare for this process - and will work with you at every stage to ensure it is carried out successfully.

After considering all the issues you may decide that an IPO is not the right path to take at this stage. If this is the case we can help you formulate alternative strategies to fulfill your business plan. Our experience can help you raise any finance, which may be necessary at the best terms.