Markets

Cathal Friel: ‘No appetite’ among stockbrokers to support small-cap listings to Irish exchange

Donegal businessman says it is ‘really difficult’ for small cap firms to attract the interest of Dublin-based brokers

Cathal Friel: “Our view is start small, start modest, and have big plans. Always plan to get to €100 million market cap.” Picture: Fergal Phillips

Irish stockbrokers are reluctant to support small-cap companies in listing on the Irish stock exchange, despite enthusiasm from Euronext Dublin, citing concerns over the size of firms’ initial valuations, according to Cathal Friel.

The Donegal businessman, who on Monday announced his fifth initial public offering (IPO) in 12 years on the London Stock Exchange, said that he has found it “really difficult” to attract the interest of Dublin-based stockbrokers, despite two of four listed ...