DX to float on AIM
Parcels company DX has announced its intention to launch an IPO to begin trading on the Alternative Investment Market (AIM) at the end of February.
The company says flotation will ensure it is best placed to evolve its services in the fast-changing parcels and logistics market. The company was built on mail business, and it diversified into parcel and freight deliveries meaning mail now accounts for a much smaller percentage of overall traffic.
Petar Cvetkovic, CEO of DX, commented: “We are delighted to announce our plans for a listing on the AIM market. DX is a customer-focused and profitable business developing strong specialised and bespoke services for deliveries into discrete markets with a strong capability in the fast-growing parcel delivery market.
The DX team has worked hard to develop the business over the last four years, and it is this ability and ambition that will allow us to deliver on our clear strategy for growth. The IPO is the next evolutionary step in our development and we are very excited about the significant opportunities ahead for DX and our Customers.”
