Quantum shares go live in the secondary share market following CREST and ISIN approvals

Quantum shares go live in the secondary share market following CREST and ISIN approvals

Quantum Group shares have gone live in the secondary share market following the Group’s CREST and ISIN approvals. The shares went live on the JPJenkins’ share trading platform shortly before new year, following processing of the Group’s CREST registration on 16 May 2023 and ISIN approval on 18 December 2023.

The release of shares onto the platform is part of Quantum’s strategy to move forward to a full IPO in 2025/2026. These shares, opening at £22 per share with 15,024,000 shares in issue, are now traded on a matched bargain basis through the JP Jenkins secondary market platform, which links institutional investors (stockbroker to stockbroker) with the share sales accessible throughBloomberg and Reuters and settled on T2 through CREST as with all listed stocks.

Floyd Woodrow MBE DCM, Quantum Co-Founder and CEO, said: “This is a major milestone for The Quantum Group as we join forces with JP Jenkins and admit our shares on their trading platform.  Since the Group was founded, we have been focused on delivering profitable, organic growth rather than rapidly scaling in just volume alone and put in place expert management teams to drive success as we look to the next stage of our journey.  This admission will make it easier for new investors to get exposure to one of the UK’s best-kept secrets in the fintech and security sectors, as we head towards an eventual public listing.

“With CREST and ISIN numbers in place and the Legal Entity Identifiers in place it has positioned the Group nicely for its next move forward as it continues to scale towards the float we are projecting for late 2025 or early2026.”   

With this new step, Quantum Group will have a market capitalisation of£330m. To date, Quantum has been entirely funded by private investors and the BritishBusiness Bank,meaningthe Group has no bank or borrowing debt.

The Quantum Group of companies currently includes FCA-regulated businesses Volopa, the expense management and FX platform; Verve, a frictionless cashback and rewards app solution; elite cyber security and crisis response firm Valkyrie; and luxury and fintech media agency, Vantage.

Peter Malmstrom, Quantum Co-Founder and Head of M&E, said: “Ongoing discussions with the London Stock Exchange have confirmed that a main board listing on the LSE would seem appropriate for e group the size of Quantum, although there is some interest in looking at Nasdaq which is obviously well known for high levels of liquidity and a strong appetite for well-runUK/European fintech and security — both of which play to Quantum Group’s key strengths.”

Veronika Oswald, Commercial Director of JP Jenkins said: “From today we can support Quantum Group and their advisers in building more liquidity and transparency for shareholders and investors as it moves into2024. I would like to take this opportunity to thank Quantum Group’s Board for making JP Jenkins their chosen venue for its shareholders and future investors and we welcome them warmly into the JP Jenkins ecosystem.”

JP Jenkins is a liquidity venue for unlisted or unquoted assets in companies, enabling shareholders and prospective investors to buy and sell equity on a matched bargain basis. Shareholders wishing to trade Quantum Group shares can do so through their stockbroker.

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Find out more about Quantum’s portfolio of companies and dedicated leadership team here