The funds raised will be used to boost the growth of the firm and provide access to capital for its senior executives
The Coordination and Incorporations Committee of BME (operator of financial markets and systems in Spain) has approved the Market Incorporation Information Document (DIIM), which certifies that the company meets the requirements for listing. Axon has been advised in the process by JB Capital Markets, GVC Gaesco, Impulsa Capital and Garrigues.
The objective of the IPO is to place 15% of the share capital, which is currently held by the three main executives of the group: Francisco Velázquez (President), Alfonso de León (CEO of the investment division) and Dimitri Kallinis (CEO of the consulting division).
The decision to float Axon stock will allow the organisation to take a leap forward and consolidate its global position. The funds raised will be used to boost the company’s expansion strategy, both organically and inorganically. “Axon’s IPO will make the company even stronger and accelerate its growth by leveraging the firm’s unique positioning in all its business units,” says Francisco Velázquez, President of Axon.
Another objective is to provide Axon staff to invest in the organisation and become shareholders alongside the rest of the cap table. This move was positively received in the company, providing tangible ownership for in addition to an investment opportunity in a rapidly growing ecosystem.
It is relevant to note that this share placement is not going to retail investors or private banks, but to institutional investors and family offices, which, in our view, solidifies our LP base with experienced and sophisticated market participants.
Axon is a global investment and consulting firm with a unique positioning and high specialisation in the technology sector. Both divisions have an international presence and global reach, offering their services in more than 70 countries, with greater exposure to the Americas, Europe, the Middle East and Southeast Asia. The company currently has a team of more than 75 professionals with extensive knowledge of their respective sectors, with a HQ in Madrid and offices in Bogota, Brussels, Istanbul and Riyadh.