Focusrite IPO: Audio products company looks to amplify growth with Aim listing
British music and audio products company Focusrite yesterday announced its intention to float on London’s Alternative Investment Market (Aim).
The High Wycombe-headquartered company provides hardware and software products for musicians. It has two established brands: Focusrite, which makes audio interface and other products for audio recording musicians; and Novation, which allows customers to make electronic music using synthesisers and computer-enabled technology.
The company has a consistent track record of growth and profitability, reporting revenues of £41m and Ebidta of £8.2m for financial year 2014.
Executive chairman Phil Dudderidge said: “An IPO is the next logical step in the group’s growth strategy as we seek to grow our market share further.”