BrewDog, the UK’s biggest craft beer maker, are moving ahead with their Initial Public Offering (IPO) by appointing law firm Freshfields to chart the IPO course. They have not set a date for the IPO.
The company had hoped to list in 2020 with a valuation of £2bn but delayed the offering due to the pandemic. The brewer appointed City heavyweight Allan Leighton as chairman late last year in what looked like a signal that a market launch was imminent.
BrewDog chief executive and co-founder James Watt told the Mail on Sunday at the weekend that an IPO should give “longer term liquidity” to its existing individual investors, known as ‘equity punks’.
“We’re pretty much working towards IPO for them as much as anyone else,” he stated. “They are the heart and soul of the business.”
