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Case Study

Case Study

During the course of 2015, Citigate was appointed to provide Financial PR for UK and European IPOs ranging from £16m to £2.9bn in deal value.

It worked with the firms on all aspects of IPO communications, from media strategy and company positioning, to the drafting of press releases, market announcements and new corporate websites. Two notable IPOs which Citigate worked on were those of ABN AMRO and Ibstock. ABN AMRO Bank was privatised and listed on Euronext on the Amsterdam Stock Exchange in November 2015. Citigate successfully differentiated the business story as a strongly capitalised bank with focused growth and an attractively-valued returns story versus its European peer group, contributing to a successful IPO which was oversubscribed and valued at €3.8bn.

Citigate also worked with Ibstock, a leading manufacturer of clay bricks and concrete products, with operations in the United Kingdom and the United States, which listed on the Main Market of the London Stock Exchange in October 2015. Since listing its shares have performed positively and it is now a member of the FTSE250.

Citigate in Singapore worked on Jumbo Group's Catalist Board listing on Singapore’s Exchange in November 2015. Jumbo Group is one of Singapore’s leading multi-dining concept F&B establishments, which is best known for the country's iconic dish chilli crab. With a market capitalisation of S$160.3 million, the listing raised S$40.8 million in total and attracted prominent institutional investors including a unit of Temasek Holdings, which is a sovereign wealth fund of the Government of Singapore, and strong interest from retail investors. Having nearly doubled its share price to-date since its listing, Jumbo was the one of the best performing IPOs of the year with a 'winning recipe' for growth and expansion.