Online fashion retailer Koovs today got listed on London Stock Exchange AIM.
Koovs successfully raised pound 22 million (approximately USD 37 million) at IPO, valuing the business at pound 36 million (USD 60 million), LSE said in a statement here.
Koovs, set up by former ASOS chairman Lord Alli, is the first Indian business to list on London Stock Exchange since Nandan Cleantech, which debuted in November 2011. There are 62 Indian businesses, with a combined value of pound 90 billion (USD 150 billion), listed in London across AIM and the main market, the release said.
The LSE AIM is a market for smaller, high growth businesses.
Ibukun Adebayo, Head of Primary Markets, India at London Stock Exchange Group said: "We welcome Koovs to our market. This is an important listing, not just for the company, but for Indian companies overall. It demonstrates that investors are looking beyond macro-issues and taking the time to understand individual company growth stories.
