Fonix Mobile plc admission to AIM and successful US$58 million secondary placing

October 2020 — Fonix Mobile plc has completed an IPO that will serve both to raise the profile of the company and provide it with the flexibility to fund growth.

Fonix Mobile is a UK-focused mobile payments and messaging company, enabling businesses to charge users’ mobile bills and send users SMSs via their carrier. Founded in 2006, the company allows mobile network operators to provide additional services in the form of carrier billing, SMS billing, messaging and voice shortcodes. Fonix Mobile has over 100 clients, including ITV, Bauer Media, BT, Global Radio and BBC Children in Need, across a range of multi-billion-pound sectors such as media, gaming, charity, ticketing and digital services.

Our role in the transaction

Oaklins Cavendish’s sister firm finnCap, based in the UK, in its role as financial advisor, assisted Fonix Mobile’s management team all the way, from the start to the successful completion of the IPO. The strong efforts of the team enabled existing shareholders to partially realize their investments as well as building a strong institutional register for the company.

Service

Funding, debt advisory & ECM

Parties

“We have built a relationship with the team over the last five years that has led to a mutual trust, which gave us the confidence to proceed with this IPO. They consistently delivered the message that going down the route of an IPO allows a business to continue on its growth path, raising the profile of a company and giving it the ability to use its paper should the right opportunity present itself – but most importantly to us, allowing us to continue to run our business independently. Thank you, you executed the transaction over 10 weeks in an extremely efficient manner and met the target completion date, and have built a share register that we are very proud of. Your whole team works in a seamless collegiate manner and have drummed into us the need to under-promise and over-deliver, a principle that you clearly follow as well. We look forward to working with you on the next phase of our journey.”

Rob Weisz

CEO, Fonix Mobile plc

Talk to the deal team

Peter Gray

Partner

London, United Kingdom
Oaklins Cavendish

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