IPO of Hotel Chocolat Plc

Deal typeCapital Markets
IndustryManufacturing

The BDO Transaction Services team has advised Hotel Chocolat plc on its AIM IPO and institutional placing.       

Hotel Chocolat manufactures premium cocoa products and sells them through a network of 84 stores and online. The Company raised £12 million (before expenses) through the Placing which will be used to accelerate the Group’s store roll-out, enhance its digital offering and increase its manufacturing capabilities.          

With a placing price of 148p per share, on admission, Hotel Chocolat plc had a market capitalisation of £167m. 

"BDO’s team were hard working, proactive and pragmatic. The first draft reports were of high quality, meaning that a potentially complex review process was straightforward. The process was smooth and information was always timely".           

Matt Pritchard, Chief Financial Officer, Hotel Chocolat Plc