Amicorp FS provides fund admin services and has a global business. Although it has floated on the standard list, Amicorp Group still owns more than 85% of the share capital. The listing will increase the profile of the business.
Recurring revenues provide a strong base for the business. There is scope for organic growth and acquisitions to consolidate a fragmented market.
Existing shareholders raised $9.7m from selling shares. The share price opened at $1.50 and ended the week at the same...
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