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MHA PLC on Wednesday gave further details on its planned initial public offering on the AIM market in London. The Milton Keynes, England-based professional services provider said it plans to start trading on Tuesday next week with an anticipated market capitalisation of £269 million. MHA said it expects to raise up to £101.8 million, comprising a placing of £95.8 million and a retail offer of up to £6 million. The total planned raise is 19% lower than the up to £125 million it had said it planned to raise in mid-March. MHA was founded in 1869 and employs over 1,800 people. It has been an independent member of the Baker Tilly International Network since 2014. It aims to become a top 10 UK accounting and professional services business, generating over £500 million of annualised revenue. At the moment, it is the 13th largest accountancy firm in the UK by revenue, and the joint-fastest growing UK accountancy firm in the top 20, it said. In the 10-year period to financial year 2024, MHA generated a compound annual revenue growth rate of 14%, it noted. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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