AIM admission for LoopUp Group

Seneca Partners and the Seneca EIS Portfolio Service are pleased to support LoopUp Group PLC on its admission to the AIM stock market.

The LoopUp Group is a global software-as-a-service (“SaaS”) provider of conference calling software, allowing users to take part in remote meetings.

Streamlined and intuitive, LoopUp is designed to eliminate common frustrations associated with conference calls to deliver a premium remote meeting experience for mainstream business users along with the quality, security, and reliability expected by global blue-chip companies. In the last financial year, the Group achieved revenue of £10.1 million, gross profit of £7.5 million, and EBITDA of c. £1.0 million.

Founded in 2003, the Group is headquartered in the UK and has offices in San Francisco, New York, Boston, Hong Kong and Barbados, employing more than 100 people.

Commenting on the company’s admission to the AIM market, Steve Flavell, Co-Chief Executive Officer of LoopUp Group, commented:
“The completion of the IPO process marks an important and exciting milestone on LoopUp’s journey as a UK-headquartered and internationally-minded technology company, and provides a significant catalyst for our continued growth. The reception from investors has been positive and encouraging, and reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company. Our focus will continue to be on delivering an exceptional product and service to our customers around the world, supported by the funds we’ve raised and emboldened by the faith our new shareholders have placed in us. These are exciting times.”

Important information

This information is of a general nature and does not constitute an offer to provide services.

The opinions and conclusions given here are those of Seneca Partners and are subject to change without notice.

The value of investments and/or any income arising from them may fluctuate.

Past performance is not necessarily a guide to future performance.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.