Seymour set for Civica flotation

13 April 2012

STOCKBROKER Seymour Pierce is believed to be front runner to arrange the £50m flotation of IT services supplier Civica.

The group, which supplies services and software to more than 70 local authorities in Britain, America and Australia, is expected to float on the Alternative Investment Market in the first quarter of the year.

The deal will be a major leap for Seymour, which is headed by former Football League chairman Keith Harris.

Last year it organised eight flotations worth £50.3m in total and giving it 1.48% of the market.

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