Warpaint to debut on AIM

Warpaint London, a specialist supplier of colour cosmetics, announced its intention of an initial public offering on the AIM market.

Stockdale Securities Limited is acting as nominated adviser and broker to the company in relation to the admission.

The company sells colour cosmetics in the UK and overseas, principally under the W7 brand, to a target audience between the ages of 16 and 30.

The group’s revenue increased from £16.7m in 2013 to £22.3m in 2015.

Proceeds of £23m are expected from the issue of new shares by the company and the sale of existing shares by certain selling shareholders. At the anticipated issue price of 97p per share the market capitalisation at admission will be £62.6m.

The admission is expected to occur on 30 November 2016.