Cavendish: Last Growth Market IPO of 2024, First of 2025.
Cavendish is the leading UK investment bank for growth companies, operating across private and public markets.

Cavendish ended 2024 with the final IPO of the year and has already set the tone for 2025, with the first London growth market IPO. These listings reinforce that the market is open for the right businesses – companies with strong fundamentals, in growth sectors, with defensive business models, and experienced leadership teams.

• Amcomri Group plc (December 2024) – Raising capital to support its ‘buy, improve, build’ strategy in industrial manufacturing.
  • Shares were up 4.4% on debut, proving that investors are still backing strong, cash-generative businesses.
• RC Fornax plc (February 2025) – Raising capital to fund AI-driven procurement automation in the defence sector.
  • Early trading saw shares climb 6.6%, reflecting demand for companies with technological innovation in high-growth sectors.