Legal profession

Law firm heads to the stock market

Legal firm DWF has unveiled the details of its stock market flotation.

Its shares will be priced at 122p each, valuing the whole of the firm at £366m.

DWF will raise about £95.2m through the float, with up to £10m of that being invested in new IT systems.

Chief executive Andrew Leaitherland said: "We are delighted today to be announcing our successful IPO as DWF becomes the first main market premium listed legal business.

"We see substantial, long-term opportunity to build on our strong track record and further develop and grow."

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