Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as sole financial adviser, nominated adviser and broker on the IPO of Gear4music (Holdings) plc ("Gear4music", the "Company" or the "Group") valuing the company at £28m.

Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as sole financial adviser, nominated adviser and broker on the IPO of Gear4music (Holdings) plc ("Gear4music", the "Company" or the "Group") valuing the company at £28m.

Gear4music is one of the largest UK based online retailers of musical instruments and music equipment with established partnerships with major brands and a bespoke platform operating in 19 countries. The net proceeds from the Placing of approximately £9.0m will be used to:

  • Develop further Gear4music's bespoke ecommerce platform;
  • Invest in additional marketing initiatives;
  • Extend the range of products;
  • Open a flagship showroom in London;
  • Pay down debt.

Andrew Wass, Chief Executive Officer of Gear4music said:

"We have been thrilled by the investor enthusiasm and support for our admission to AIM and are very excited about beginning the next chapter in our development. I would like to take this opportunity to welcome our new shareholders and look forward to updating them and the wider market on our continued progress as we look to build on our strong track record of growth."

distributed by