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London-based Rosenblatt is hoping to raise £43 million ($58.5 million) from its initial public offering, according to a new filing ahead of its listing next week on the AIM, a submarket of the London Stock Exchange.

According to a public stock exchange filing, the firm expects to raise the money based on the placing of 36,842,106 new ordinary shares and 8,421,053 existing ordinary shares at an issue price of 95 pence per share, giving Rosenblatt an anticipated market capitalization of approximately £76 million ($103 million).

The target of roughly $58.5 million would make it the largest IPO to date by a British law firm, following Gateley’s first move in 2015, which raised £30 million. The other two IPOs by a pair of London-based firms, Gordon Dadds and Keystone Law, raised £20 million and £15 million, respectively, when they listed on AIM last year.

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Anna Ward

Anna Ward is City editor at Legal Week. She joined the title in January 2015 after spending three years with energy information provider Platts. She writes news and features about a number of leading UK and US law firms, as well as covering the Middle East and private equity.

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