Publication:

London Evening Standard - 2021-11-25

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Skillcast plans £33m AIM float

Business

Joanna Bourke @es_jobourke

SKILLCAST, an e-learning and compliance training firm whose products support hybrid working, intends to float on London’s junior AIM market. The London-headquartered company is looking to start trading on AIM on December 1. It has raised £3.5 million conditional on admission, and is expected to be valued at £33.1 million. Skillcast, which employs 80 people, provides software and e-learning courses that update workers with compliance on laws and regulations relevant to a particular business. It said: “The directors believe that the industry is shifting towards cloudbased platforms for staff training and compliance, particularly in light of the increase in remote and hybrid working arising from the pandemic.” The firm has worked with clients such as Schroders and British Land. Allenby Capital is advising on the float. Chief executive Vivek Dodd, a former investment banker at JP Morgan, said a float will help Skillcast “invest further in technology developments for improving user experience”. It also believes being listed will help with recruiting and retaining staff.

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