 "Fashion e-tailer Koovs listed on London Stock Exchange")
Mumbai: Online fashion retailer Koovs got listed on London Stock Exchange AIM.
Koovs successfully raised pound 22 million (approximately $37 million) at IPO, valuing the business at pound 36 million ($60 million), LSE said in a statement.
Koovs, set up by former ASOS chairman Lord Alli, is the first Indian business to list on London Stock Exchange since Nandan Cleantech, which debuted in November 2011. There are 62 Indian businesses, with a combined value of pound 90 billion ($150 billion), listed in London across AIM and the main market, the release said.
[caption id=“attachment_78898” align=“alignleft” width=“380”]  Image: Company website[/caption]
The LSE AIM is a market for smaller, high growth businesses.
Ibukun Adebayo, Head of Primary Markets, India at London Stock Exchange Group said: “We welcome Koovs to our market. This is an important listing, not just for the company, but for Indian companies overall. It demonstrates that investors are looking beyond macro-issues and taking the time to understand individual company growth stories.
PTI
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