Ashurst advised Jefferies International as nominated adviser and sole bookrunner on the AIM IPO of Ten Lifestyle Group plc (the "Company"), a technology-enabled lifestyle and travel platform providing trusted concierge services to the world's wealthy. 

The IPO comprised a placing of 13.4 million new ordinary shares and 10.6 million existing shares at 134 pence per share, raising total gross proceeds of £32.2 million.  The Company also raised an additional £7.6 million from the exercise of share options.

Based on the placing price, the market capitalisation of the Company at admission will be approximately £105 million. 
Ten Lifestyle Group, which was founded in London in 1998, employs 650 people and serves 1.6 million members. It plans to use the net proceeds of the IPO to invest in technology, content and operational infrastructure, for investment in new markets and for general corporate purposes.

The Ashurst team was led by corporate partner Simon Bullock and comprised senior associate Tara Waters, and solicitor Jack Mendelssohn. Partner Nicholas Gardner and associate Preena Gandhi provided tax advice. Partner Ruth Buchanan and associate Hannah Martin advised on the employment aspects, and partner Eric Stuart provided US securities law advice.