DLA Piper has advised Market Tech Holdings Limited ("Market Tech"), a holding company that combines iconic real estate assets in London's Camden Town with an e-commerce business, on its £750 million AIM IPO.

The AIM IPO was combined with an oversubscribed placing which raised £100 million before expenses. Market Tech, which is majority owned by Israeli entrepreneur Teddy Sagi, which priced its shares at 200p, unifies a total of over 11 acres of real estate assets under single ownership. Through its online investment, the Group plans to develop an online retail leisure and lifestyle presence that it believes will deliver greater revenues for the online business and for the physical markets. After a successful first day of trading, shares were up 25 pence to 225 pence.

The DLA Piper team was led by partner Rob Salter and senior associate Caroline Grange-Fielder who worked alongside a team of lawyers across its UK offices including Jon Kenworthy (Corporate), Stephen Atkinson (Corporate), Paul Jayson (Real Estate) and Laurence Rogers (Finance & Projects).

Charles Butler, CEO of Market Tech said: "The DLA Piper team did an excellent job and worked well together to deliver the deal within a very tight timetable. It was a demanding IPO and they provided tremendous support to the Market Tech team throughout the transaction and we thoroughly enjoyed working with them."

Rob Salter said: "We are very pleased to have advised Market Tech on its IPO, it was a demanding transaction with a number of different work streams which had to be brought together seamlessly to meet a pre-Christmas listing. Dedicated advisers across the board together with a committed management team delivered a very good result."