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Vulcan Two Group PLC on Monday said it expects its initial public offering on London’s AIM Market to occur on Wednesday. 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’. The company expects to raise £12.0 million via issuing shares at £2.00 each, with an anticipated market capitalisation of £13.6 million. About 6.8 million shares will be admitted to trading. After admission, Vulcan Two intends to swiftly develop acquisition opportunities. ‘Once acquisitions have been completed, the directors will focus on growth and operational improvement of acquired businesses and will seek to drive cost and revenue synergies as the group expands in order to enhance shareholder value, whilst continuing to identify and appraise additional acquisition opportunities,’ it said. Vulcan Two is led by Chief Executive Officer Michael Kraftman and Chief Operating Officer 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. Further, Susan Davies is chair of the company. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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