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Vulcan Two Group PLC on Tuesday announced plans for an initial public offering on AIM next month, giving a boost to the beleaguered primary market in London. Vulcan Two is an investment company that has been formed to acquire businesses in the e-pharmacy market, initially in the UK. The company wants to ‘lead the consolidation of the private prescription sector - one of the fastest growing and most profitable sectors of the UK pharmacy market’. Vulcan Two is led by Michael Kraftman and Brendan O’Brien, who built and sold Vision Direct, an online contact lens supplier. Prior to the listing, the pair own 60% and 40% of Vulcan Two, respectively. The company provided no financial details for the IPO. Admission is expected in early September. The broker and nominated advisor for Vulcan Two is Canaccord Genuity Ltd. So far in 2025, there have been 13 IPOs on AIM and just 3 on the London Main Market. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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