Virgin Wines and Liberum both declined to comment. Datafeed and UK data supplied by NBTrader and Digital Look. The current management team, led by Jay Wright, chief executive, and finance chief Graham Weir, are expected to steer it through an AIM float. Don't have an account? Income & Growth VCT also will receive payment of its GBP2.1 million in remaining loan stock, as Virgin Wines uses IPO proceeds to repay debt. It is now focused on an IPO rather than a private sale, according to insiders. Shares jumped to 228p, a 16% premium to a 197p placing ahead of the IPO that saw existing shareholders net just shy GBP35mln and the company raise GBP13mln in new money. Virgin Wines toasts AIM of £100m London stock market listing, Virgin Wines has enjoyed a surge in sales during the pandemic, Sir Richard Branson's Virgin Group is no longer a shareholder in the company. Mobeus Income & Growth VCT reported its December 31 NAV on Tuesday as 67.03p, up from 65.59p at the start of the fourth quarter of 2020. Mobeus Income & Growth 4 reported NAV on December 31 of 81.50p per share, up from 72.30p on September 30. " Today marks a truly exciting day in the history of Virgin Wines. The IPO involves a conditional placing to raise gross proceeds of approximately £48 million, … 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 … It plans to do so around 2 March in a move that would re A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: Our successful IPO and admission to AIM represents a significant new chapter in the Group's long-term development. Travers Smith LLP has advised Liberum Capital Limited as nominated adviser and sole broker to Virgin Wines UK plc on its AIM IPO. Liberum, the investment bank, is working on the deal. As reported by the Financial Times, Virgin Wines is approaching the IPO with a targeted enterprise value of 100 mill. "We have enjoyed strong, consistent growth leading to the group delivering more than one million cases of wine to our customers during 2020," Chief Executive Officer Jay Wright said on Tuesday. Virgin Wine's IPO "is a clear indicator of the ecommerce market's ongoing growth, particularly in the food & drinks sector, with Deliveroo also gearing up to float next month," noted Charles Bond, partner at Gowling WLG law firm. All information is provided free of charge, 'as-is', and you use it at your own risk. This will add 4.21p to NAV. It was acquired by Direct Wines in 2005. In 2013, Direct Wines sold the business to the then current management team, backed by private equity, for £14m. Virgin Wines, a UK-based online wine retailer backed by Mobeus Equity Partners and Connection Capital, has priced its upcoming AIM listing at 197 pence per share., Exits, UK / Ireland, Consumer, IPO, Mobeus Equity Partners, Connection Capital The IPO of Virgin Wines, the UK direct-to-consumer online wine retailer, was substantially oversubscribed. Copyright 2021 Alliance News Limited. Unlike many other Virgin-branded companies, Sir Richard's group is not a shareholder in the wine business. Today Adrian Lawrence our resident financial expert is talking about Virgin Wines, this is a company that was formerly associated with Richard Branson but was subsequently sold to a management… It plans to do so around 2 March in a move that would reportedly value it at £100m ($140m). Together, the four VCTs advised by Mobeus Equity Partners LLP will own 36% of Virgin Wines, whose senior management own just over 20%. Is Virgin Wines a sharp or shabby early March AIM IPO? Private equity exit generates 7.6x return as Virgin Wines commences trading on AIM. Virgin Wines engaged Lincoln International to review its strategic options which led to a dual track mergers and acquisitions and initial public offering (IPO) process during which Lincoln worked closely with Virgin Wine’s shareholders and … (Alliance News) - Online retailer Virgin Wines UK PLC started trading on AIM in London on Tuesday, rising 17% from its IPO price. It plans to do so around 2 March in a move that would reportedly value it at £100m ($140m). 2021 has already been a postive year for new issues, and Virgin Wines follows on from the successful IPO's of Dr Marten's and Moonpig, both of which have been the subject of Podcasts episodes … In its initial public offering, Virgin Wines placed shares at 197 pence each, giving it a market capitalisation at the IPO price of GBP110 million. In 2013, Direct Wines sold the business to the then current management team, backed by private equity, for £14m. The Norwich-based company offers pay-as-you-go services but also provides customers with the WineBank and Wine Plan subscriptions programmes. In its most recent annual accounts, for the year to June 28, 2019, Virgin Wines reported a pre-tax profit of £1.7m. […] By Chris Bailey of Financial Orbit | Tuesday 16 February 2021 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Virgin Wines, which describes itself as one of the UK's largest direct-to-consumer online wine retailers, is the latest startup to announce plans to float on the London Stock Exchange . € 115 mill. Virgin Wines UK plc (“Virgin Wines” or the “Group”) is one of the UK’s largest D2C online wine retailers. It was acquired by Direct Wines in 2005. Virgin Wines is to float on the London Stock Exchange next month with a valuation of about £100m as the Covid-19 pandemic increases demand for its home-delivered wines. All Rights Reserved. As reported by the Financial Times, Virgin Wines is approaching the IPO with a targeted enterprise value of 100 mill. Rainbow Rare Earths CEO expects Gokara break even next quarter, strongly cash positive by year-end, Emmerson CEO Graham Clarke aims for Moroccan potash mine to be in construction by year-end. Surging sales to locked-down British consumers are spurring companies such as Deliveroo and Moonpig, the online greeting cards retailer, to go public, while the online florist Bloom & Wild has just raised funds at a stellar valuation. Virgin Wines made a sparkling debut as its arrival on London’s junior AIM market on Tuesday was greeted with a 20% rise on its initial share price within an hour of trading. The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates. Virgin Wines, a UK-based online wine retailer backed by Mobeus Equity Partners and Connection Capital, has priced its upcoming AIM listing at 197 pence per share., Exits, UK / Ireland, Consumer, IPO, … Virgin Wines latest UK firm to announce IPO. London South East Investor Webinar 6th April / Speakers from Open Orphan, Active Energy Group and Incanthera. One of the UK’s biggest direct-to-consumer wine retailers is preparing to float on the London stock market after seeing a coronavirus-fuelled surge in sales. Virgin Wines placed 17.7 million existing shares to raise GBP34.9 million for selling shareholders and 6.6 million new shares to raise GBP13.0 million for the company. Please register here. This will add 4.21p to NAV. Virgin Wines made a sparkling debut as its arrival on London’s junior AIM market on Tuesday was greeted with a 20% rise on … Its holding in Virgin Wines is 3.1 million shares, giving a value of GBP6.1 million at the IPO price, up from GBP3.0 million on December 31. By Chris Bailey of Financial Orbit | Tuesday 16 February 2021 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. READ MORE: London's first cannabis IPO sees shares double on debut. More recently, adjusted Ebitda in the six months ended December 31 more than doubled to GBP4.5 million, on revenue which climbed 55% to GBP40.6 million. Last week, the UK’s Virgin Wines announced an IPO. The stock was quoted at 229.95p on Tuesday afternoon, up 17% from that price for a GBP128 million market cap. Based on the placing price of 197 pence per share, the company has seen a market capitalisation c.£110m. READ MORE: London’s first cannabis IPO sees shares double on debut Today Adrian Lawrence our resident financial expert is talking about Virgin Wines, this is a company that was formerly associated with Richard Branson but was subsequently sold to a management… The IPO involves a conditional placing to raise gross proceeds of approximately £48 million, … In the financial year that ended June 30, 2020, Virgin Wines generated revenue of GBP56.6 million and adjusted earnings before interest, tax, depreciation and amortisation of GBP4.8 million. Virgin Wines plans to float on London’s junior Aim market next month targeting a £100m valuation, after a surge in demand for its home delivery service during the pandemic. Virgin Wines was established in 2000 as part of the Virgin Group owned by Richard Branson. " Today marks a truly exciting day in the history of Virgin Wines. City sources said on Thursday that the flotation could value Virgin Wines at somewhere in the region of £100m. Virgin Wines' products are available to customers through both online pay-as-you-go and subscription models. It was acquired by Direct Wines in 2005. Direct-to-consumer wine retailer Virgin Wines began trading on the AIM market on Tuesday morning, under the ticker ‘VINO’. READ MORE: London’s first cannabis IPO sees shares double on debut Virgin Wines discover the best wines worldwide and delivers your wine for home delivery in UK. Virgin Wines UK plc (" Virgin Wines", the "Company" or the "Group") INVESTOR MEET COMPANY INTRODUCTION TO VIRGIN WINES UK PLC Virgin Wines (AIM:VINO), one of the UK's largest direct-to-consumer online wine retailers, is pleased to announce that Jay Wright, Chief Executive and Graeme Weir, Chief Financial Officer, will provide a live presentation to introduce Virgin Wines … This will add 5.53p to NAV. In its initial public offering, Virgin Wines placed shares at 197 pence each, giving it a market capitalisation at the IPO price of GBP110 million. 12 hours ago. Virgin Wines has hired the investment bank Liberum to steer it through an AIM float, Sky News learns. Virgin Wines, a UK-based online wine retailer backed by Mobeus Equity Partners and Connection Capital, has successfully listed on AIM in a £110m IPO., Exits, Consumer, UK / Ireland, IPO, Mobeus … Income & Growth VCT said it holds 6.6 million shares in Virgin Wines with a value of GBP13.0 million at the IPO price, doubled from the GBP6.4 million valuation included in the venture capital trust's December 31 valuation. 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 … While London South East do their best to maintain the high quality of the information displayed on this site, we cannot be held responsible for any loss due to incorrect information found here. Virgin Wines IPO coming soon from Adrian Lawrence Podcast on Podchaser, aired Tuesday, 16th February 2021. Mobeus Income & Growth 2 reported NAV on December 31 of 87.22p per share, up from 79.25p on September 30. The company raised £34.9m for selling shareholders in its initial public offering, and £13m for itself. In its initial public offering, Virgin Wines placed shares at 197 pence each, giving it a market capitalisation at the IPO price of GBP110 million. Virgin Wines, which describes itself as one of the UK's largest direct-to-consumer online wine retailers, is the latest startup to announce plans to float on the London Stock Exchange . Our successful IPO and admission to AIM represents a significant new chapter in the Group's long-term development. The British online wine retailer Virgin Wines is planning its debut on the London Stock Exchange at the beginning of March. Virgin Wines IPO came on a positive day of London stock trading Virgin Wines was founded by Richard Branson before he sold it off in 2005. Virgin Wines was established in 2000 as part of the Virgin Group owned by Richard Branson. This will add 4.21p to NAV. As at 31 December 2020 Virgin Wines had approximately 169,000 active customers of which approximately 147,000 were members across its subscription schemes. Virgin Wine's IPO "is a clear indicator of the ecommerce market's ongoing growth, particularly in the food & drinks sector, with Deliveroo also gearing up to float next month," noted Charles Bond, partner at Gowling WLG law firm. It was acquired by Direct Wines in 2005. In 2013, Direct Wines sold the business to the then current management team, backed by private equity, for £14m. We have enjoyed strong, consistent growth leading to the Group delivering more than one million cases of wine to our customers during 2020. It said the Virgin Wines uplift will add 4.64p to that. The market capitalisation of Virgin Wines on Admission will be £110 million. Virgin Wines (AIM:VINO), one of the UK's largest direct-to-consumer online wine retailers, is pleased to announce that Jay Wright, Chief Executive and Graeme Weir, Chief Financial Officer, will provide a live presentation to introduce Virgin Wines UK plc following the Company's recent Admission to AIM via the Investor Meet … The funds are planned to be spent on reducing debt and paying back preference shares, along with financing its strategic plans. The IPO of Virgin Wines, the UK direct-to-consumer online wine retailer, was substantially oversubscribed. Its holding in Virgin Wines is 3.1 million shares, giving a value of GBP6.1 million at the IPO price, up from GBP3.0 million on December 31. Virgin Wines, one of the UK’s largest direct-to-consumer online wine retailers, is to float on AIM. Buy wine online at great deals - with a … monthly and annualsubscriptions available. Is Virgin Wines a sharp or shabby early March AIM IPO? Manage your personalised Watchlist.Set up an online Virtual Portfolio.Participate in Share Chat.See more trades and director dealings.Play the Fantasy Share Trading Game. It curates and sells its high-quality wines to retail consumers in the UK through two subscription schemes and a pay-as-you-go offering. Founded in 2000 and spun off from billionaire showman Sir Richard Branson’s Virgin Group (eg Virgin Air, Virgin Records, Virgin Galactic) in 2005, Virgin Wines finally found its moment during the COVID-19 pandemic. Click here to register. Virgin Wines IPO coming soon from Adrian Lawrence Podcast on Podchaser, aired Tuesday, 16th February 2021. With alcohol and gluten free beers also available. Virgin Wines UK PLC (LON:VINO) went down like a fine claret as trading on AIM got underway in the online wine retailer. As with other recent IPO's the company has traded successfully during the pandemic lockdowns as its business model is digitally based. Mobeus Income & Growth VCT said it holds 5.8 million Virgin Wines shares, worth GBP11.5 million at the IPO price, up from its December 31 valuation of GBP5.7 million. Unlike many other Virgin-branded companies, Sir Richard's group is not a shareholder in the wine business. Virgin Wines is prepping for an IPO on the London Stock Exchange with a £100m (US$138) valuation. READ MORE: London's first cannabis IPO sees shares double on debut Virgin Wines’ recent IPO fundraise saw c.£35 million raised for selling shareholders at a price of 197p per share, with the company raising £13 million for itself (£8.6 million after expenses). Liberum Capital Limited is acting as nominated adviser and sole broker for the company's IPO. Virgin Wines has demonstrated strong growth with a range of exclusive, boutique quality wines, bought based on customer ratings, and backed by the power of the Virgin brand. British pounds (approx. 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.. More than 90% of the wines sold by Virgin Wines by volume are exclusive to the company, with more than 700 wines on offer. It received payment of GBP2.4 million in loan stock from Virgin Wines. The company licenses the Virgin brand from Sir Richard Branson's Virgin empire, and last changed hands seven years ago when Mobeus Equity Partners and Connection Capital provided debt and equity funding for a £16m management buyout. The shares were admitted to trading today, 2 March 2021. Its holding in Virgin Wines is 4.6 million shares, giving a value of GBP9.1 million at the IPO price, up from GBP4.5 million on December 31. In 2013, Direct Wines sold the business to the then current management team, backed by private equity, for £14m. The plan to take the 21 year-old company public exemplifies the boom experienced by many home delivery businesses during the COVID-19 crisis. Virgin Wines announces March IPO. ). from Adrian Lawrence. The market capitalisation of Virgin Wines on Admission will be £110 million. Virgin Wines latest UK firm to announce IPO. It said it had increased stockholding levels in case of delays to imports triggered by a possible no-deal Brexit. Virgin Wines UK PLC went down like a fine claret as trading on AIM got underway in the online wine retailer.. Shares jumped to 228p, a 16% premium to a 197p placing ahead of the IPO that saw existing shareholders net just shy £35mln and the company raise £13mln in new money. Serco acquisition The online wine retailer, which licenses its brand from Sir Richard Branson’s Virgin empire, offers wines mainly through two subscription … "We have a clear strategy to continue this growth over the coming years which is underpinned by the strength of our customer proposition as well as the benefit of many positive consumer trends.". Virgin Wines (), which describes itself as one of the UK's largest direct-to-consumer online wine retailers, saw its share price pop 20% in the first hour of trading as it debuted on the stock market Tuesday.This means the firm has raised £13m ($18m) through the placing of 6.6 million new ordinary shares, with a … Travers Smith LLP has advised Liberum Capital Limited as nominated adviser and sole broker to Virgin Wines UK plc on its AIM IPO. Virgin Wines, which describes itself as one of the UK's largest direct-to-consumer online wine retailers, is the latest startup to announce plans to float on the London Stock Exchange (LSEG.L). Virgin Wines’ recent IPO fundraise saw c.£35 million raised for selling shareholders at a price of 197p per share, with the company raising £13 million for itself (£8.6 million after expenses). Photograph: Virgin Wines Virgin Wines is to float on the London Stock Exchange next month with a valuation of about £100m as the Covid-19 pandemic increases demand for its home-delivered wines. The funds are planned to be spent on reducing debt and paying back preference shares, along with financing its strategic plans. Virgin Wines IPO press release 2 March 2021. We are pleased to announce that Liberum has successfully raised £48.0 million in connection with the AIM IPO of Virgin Wines. Duckhorn is not alone. 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.. Liberum Capital Ltd acted as nominated adviser and sole broker in relation to the IPO. Mobeus is very proud to have supported the Group’s growth since 2013 and looks forward to continuing to be an active owner of the Group, … The British online wine retailer Virgin Wines is planning its debut on the London Stock Exchange at the beginning of March. By Tom Waite; thomaslwaite@alliancenews.com. Based on the placing price of 197 pence per share, the company has seen a market capitalisation c.£110m. London South East does not authorise or approve this content, and reserves the right to remove items at its discretion. According to one source close to the company, Virgin Wines delivered more than 1m cases of wine to its customers in 2020. Its holding in Virgin Wines is 3.1 million shares, giving a value of GBP6.1 million at the IPO price, up from GBP3.0 million on December 31. Virgin Wines was established in 2000 as part of the Virgin Group owned by Richard Branson. Exit announcement: Carter Accommodation sale generates 4.0x return Ready meal firm Parsley Box nears AIM admission in GBP17 million float, Investors drink deeply of Virgin Wines UK on first day of AIM trading, Virgin Wines To Have GBP110 Million Market Cap On AIM Admission, TRADING UPDATES: Northbridge, discoverIE And Tandem Outlook Upbeat. Mobeus Income & Growth 2 will receive payment of GBP1.3 million in loan stock and Mobeus Income & Growth 4 will get GBP1.1 million in loan stock paid. With our newsletters and social media channels. READ MORE: London's first cannabis IPO sees shares double on debut Here at Virgin Wines we've got a massive selection of beers, lagers, ales, porters, stouts and more. Stateside, Vintage Wine Estates, announced plans to follow their merger with Bespoke Capital Acquisition Corp. by going public. The business has expanded in recent years through the launch of craft beers and spirit collections, corporate and consumer gifting items. Net asset value per share of 79.17 pence on that date will rise by 5.58p on the basis of the Virgin Wines uplift. We have enjoyed strong, consistent growth leading to the Group delivering more than one million cases of wine to our customers during 2020. Today Adrian Lawrence our resident financial expert is talking about Virgin Wines, this is a company that was formerly associated with Richard Branson but was subsequently sold to a management team and private equity houses. Pic: Virgin Wines. Virgin Wines is prepping for an IPO on the London Stock Exchange with a £100m (US$138) valuation. It is now focused on an IPO rather than a private sale, according to insiders. It was previously owned by Direct Wines, having been established in 2000. Founded in 2000 and spun off from billionaire showman Sir Richard Branson’s Virgin Group (eg Virgin Air, Virgin Records, Virgin Galactic) in 2005, Virgin Wines finally found its moment during the COVID-19 pandemic. Shareholders Income & Growth VCT PLC, Mobeus Income & Growth VCT PLC, Mobeus Income & Growth 2 VCT PLC, and Mobeus Income & Growth 4 VCT PLC all noted the Virgin Wines admission to AIM. Virgin Wines was established in 2000 as part of the Virgin Group owned by Richard Branson. Virgin Wines UK plc (“Virgin Wines” or the “Group”) is one of the UK’s largest D2C online wine retailers. Sky News has learnt that Virgin Wines, which has approximately 150,000 customer subscribers, is working with advisers on an AIM listing that could take place as early as the first quarter of this year. Jay Wright, chief executive of Virgin Wines, said the initial public offering (IPO) would mark an "exciting new chapter" for the firm. Virgin Wines seeks IPO. Virgin Wines IPO came on a positive day of London stock trading Virgin Wines was founded by Richard Branson before he sold it off in 2005. 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