Investors drink deeply of Virgin Wines UK on first day of AIM trading
Investors drink deeply of Virgin Wines UK on first day of AIM trading | Financial News
Source: lse.co.uk
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What Virgin Wines £100m public listing tells us
By Alec Mattinson2021-02-19T10:06:00+00:00 Private interest in Virgin Wines was thought to be strong, but the group is going public instead The flurry of IPO activity so far in 2021 reached the grocery industry this week, with the confirmation DTC booze player Virgin Wines is seeking a £100m listing. The e-commerce wine merchant, which split from Richard Branson’s Virgin empire in 2005, is seeking to capitalise on booming demand during the coronavirus outbreak, amid a spike in sales of alcohol online as restaurants and bars remain shuttered and at-home consumption has soared. Its owners, w...
Source: thegrocer.co.uk
Virgin Wines plans £100m stock market float - The Drinks Business
Virgin Wines is to float on the London Stock Exchange in March with a valuation of £100m, due to the recent surge in growth in direct to consumer wine sales.
Source: thedrinksbusiness.com
Investegate |Virgin Wines UK PLC Announcements | Virgin Wines UK PLC: Intention to Float on AIM
Virgin Wines, one of the UK's largest direct-to-consumer online wine retailers, announces its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange ("Admission"). The Group works with its network of trusted suppliers and winemaking partners from many locations around the world to source, design, blend and sell award-winning and largely exclusive premium wines. These wines are sold to the Group's loyal customers through its WineBank and Wine Plan subscription schemes and on a pay-as-you-go basis. The Group als...
Source: investegate.co.uk
Virgin Wines' stock market plan unveiled | Robotic glove boosts muscle grip
Home delivery wine retailer Virgin Wines has unveiled plans for a stock market flotation next month after booming demand amid the pandemic. The online group said it is planning to list on London's junior AIM market on or around March 2 in a move reportedly set to value the group at about £100 million. It comes amid a rush of flotations in 2021, with many firms capitalising on shifting consumer trends during the coronavirus crisis - such as food delivery giant Deliveroo and online greetings card firm Moonpig. Virgin Wines said it delivered more than one million cases of wines to custo...
Source: heraldscotland.com