The IPO, which was arranged by Canaccord Genuity, raised approximately £80 million for the company and the selling shareholders, including chairman Luke Johnson. The shares, which have been priced at 170 pence, start conditional dealings today with admission to AIM on 19 May 2014.

PH, which owns the iconic Patisserie Valerie brand, operates 138 stores in the UK and intends to continue its strong rollout strategy post IPO.

The OC team, which was led by corporate finance partner Jonathan King, comprised Louise Grzasko, Samantha Myers, Sarah Crabtree and Michael Griss.

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