SimplyBiz looking to float - reports

The group is targeting an initial public offering of around £140m and £155m that would raise £30m of new money, according to someone "familiar with the matter", Reuters has said. Its source also said SimplyBiz is working with Zeus Capital on the offering. SimplyBiz responded to the reports by saying: "The SimplyBiz Group is a successful private business and has a clear and ambitious growth strategy, with an experienced management team in place to deliver it. "As part of that growth strategy, it regularly reviews its strategic options in terms of financing and has recently appointed Ze...