Liberum acts as NOMAD and Sole Bookrunner on the IPO of Urban Exposure

We are pleased to announce that Liberum has successfully raised £150m for Urban Exposure plc (UEX). The shares are expected to be admitted to AIM on 9 May.

Urban Exposure is a specialist residential development finance and asset management company that has been formed to provide finance for real estate development loans across the United Kingdom.

The Company seeks to align its asset management and lending strategy to address the significant shortfall in housing stock and Government initiatives for increasing housing supply.

Liberum organised extensive pre-marketing in early 2018, produced a detailed pre-IPO research report, conducted a well-received Investor Education Roadshow, and organised a two week Management Roadshow with 67 institutional investors. A high quality book of demand was delivered with management retaining a material stake in the business and locked up for 3 years.

Urban Exposure plc is the largest IPO on AIM by capital raised, year to date.

Liberum acted as NOMAD and sole bookrunner on this IPO, and is retained as NOMAD and Sole Broker to the Company post Admission.

Liberum Team

Board - Shane Le Prevost, David Parsons

Investment Banking - Neil Patel, Gillian Martin, Jonathan Wilkes-Green, Louis Davies

Sales - Steve Keeling, Julian Collett

Research - Justin Bates, Portia Patel, Jamie Donald

Execution - Graham Smith, Mark O'Hara

Corporate Access - Anna Barber

Urban Exposure Image