The Broker Network has announced its intention to float on the Alternative Investment Market (AIM) by means of a placing and offer.
Brewin Dolphin Securities is the nominated adviser and broker to the company, it said.
Broker Network chief executive Grant Ellis said: “The board of Broker Network believe that, in light of the forthcoming FSA regulation and other market trends, the company is in an ideal position to capitalise on opportunities for both organic and acquisitive growth.
“We are looking forward to continuing developments in our technology and to strengthening our position within the market. The board believe that an AIM listing will provide the company with mechanisms for increasing revenue and continuing expansion.”
In a statement, the board of directors said it believed listing on AIM would raise the status and profile of the company with insurers and brokers, which would strengthen the company's ability to attract and compete for new business.
