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Power Probe PLC on Monday said it is targetting a market valuation of £60.4 million when it starts trading on the London Stock Exchange’s AIM market on Thursday. The company is based in Charlotte, North Carolina and is a ‘leading producer of automotive electrical diagnostic tools for professional service technicians’. On Monday, Power Probe said it plans to raise £11.2 million via an initial public offer of shares at 82 pence each. Revenue at the company has grown from around $25.0 million in 2022, to $31.3 million in 2024, compound annual growth of 12%. Underlying earnings before interest, tax, depreciation and amortisation has increased from $4.8 million to $8.3 million over the same period. In the first half of 2025, revenue reached $20.5 million, gross profit totalled $8.6 million, and underlying Ebitda was $5.3 million. Shore Capital and Corporate Ltd is acting as nominated adviser and Shore Capital Stockbrokers Ltd is acting as sole bookrunner and broker to the company in connection with the proposed placing and admission. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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