Snoozebox announces Stock Exchange listing
Image: Breare (left) conceived the concept in 2010
Snoozebox, the UK-based portable hotel and temporary accommodation concept, has begun trading on the London Stock Exchange's Alternative Investment Market (AIM).
The number of ordinary shares in issue on the group's entry to the market today (1 May) is nearly 52 million, with a total of 30 million shares placed with institutional investors.
Snoozebox has said it will use the proceeds to provide investment and capital for its growth plans, with talks ongoing over the provision of products at a number of events this year.
First conceived by chief executive Robert Breare in June 2010, the first 40-room Snoozebox unit was installed at Silverstone for the Formula One British Grand Prix in July 2011.
Snoozebox currently provides two types of products; the Events product which offers hotel accommodation with a range of in-room amenities and is aimed at the events market.
The second product is Contrax, which offers more functional accommodation aimed at private and public sector areas such as airports, film locations, the military, Home Office and local government.
Breare said: "We are delighted to be starting life as a public company today and we want to welcome all new shareholders to the company.
"Net new monies raised of approximately £11m will provide funds to enable us to expand the group's business to meet the burgeoning demand for our innovative new product."
Details: www.snoozebox.com
UAE’s first Dior Spa debuts in Dubai at Dorchester Collection’s newest hotel, The Lana
Europe's premier Evian Spa unveiled at Hôtel Royal in France
Clinique La Prairie unveils health resort in China after two-year project
GoCo Health Innovation City in Sweden plans to lead the world in delivering wellness and new science
Four Seasons announces luxury wellness resort and residences at Amaala
Aman sister brand Janu debuts in Tokyo with four-floor urban wellness retreat
€38m geothermal spa and leisure centre to revitalise Croatian city of Bjelovar
Two Santani eco-friendly wellness resorts coming to Oman, partnered with Omran Group
Kerzner shows confidence in its Siro wellness hotel concept, revealing plans to open 100
Ritz-Carlton, Portland unveils skyline spa inspired by unfolding petals of a rose
Rogers Stirk Harbour & Partners are just one of the names behind The Emory hotel London and Surrenne private members club
Peninsula Hot Springs unveils AUS$11.7m sister site in Australian outback
IWBI creates WELL for residential programme to inspire healthy living environments
Conrad Orlando unveils water-inspired spa oasis amid billion-dollar Evermore Resort complex
Studio A+ realises striking urban hot springs retreat in China's Shanxi Province
Populous reveals plans for major e-sports arena in Saudi Arabia
Wake The Tiger launches new 1,000sq m expansion
Othership CEO envisions its urban bathhouses in every city in North America
Merlin teams up with Hasbro and Lego to create Peppa Pig experiences
SHA Wellness unveils highly-anticipated Mexico outpost
One&Only One Za’abeel opens in Dubai featuring striking design by Nikken Sekkei
Luxury spa hotel, Calcot Manor, creates new Grain Store health club
'World's largest' indoor ski centre by 10 Design slated to open in 2025
Murrayshall Country Estate awarded planning permission for multi-million-pound spa and leisure centre
Aman's Janu hotel by Pelli Clarke & Partners will have 4,000sq m of wellness space
Therme Group confirms Incheon Golden Harbor location for South Korean wellbeing resort
Universal Studios eyes the UK for first European resort
King of Bhutan unveils masterplan for Mindfulness City, designed by BIG, Arup and Cistri
Rural locations are the next frontier for expansion for the health club sector
Tonik Associates designs new suburban model for high-end Third Space health and wellness club
How Portugal’s biggest brewer enlisted the help of one of the country’s best known architects to turn two historic nature parks into thermal spa and nature destinations