Northcoders Group PLC, a provider of software coding training courses, has raised GBP3.5mln ahead of a planned AIM flotation.
Trading in the shares is expected to begin next Tuesday under the ticker code of CODE with an expected market valuation of GBP12.5mln at the placing price of 180p per share.
The Manchester-based company, which also has a second ‘hub’ in Leeds and an online platform, said it is listing to gain access to the funds it wants to roll out its ‘bootcamp’ training courses, government funded apprenticeships, bespoke training courses and software development solutions around with an additional hub in Birmingham and the opening of two other regional hubs in 2022.
Other target areas for new hubs include Liverpool, Newcastle and Sheffield, with directors’ ultimate goal being the creation of a network of Northcoders hubs across the UK.
From today @educationgovuk has expanded Skills Bootcamps across England.
Our fully-funded Skills Bootcamp gives you the opportunity in 14 weeks to learn the skills you need to become a junior software developer.
— Northcoders (@northcoders) July 19, 2021
Chief executive Chris Hill, who built websites and was a software developer for various companies for four years before founding Northcoders in 2015, said: “There’s no doubt that Northcoders is in an exciting period, particularly as we move away from the pandemic with the demand for digital training having never been stronger in the UK.
“The government has clearly signalled its support for improving access to all forms of education, especially through apprenticeships like ours, and our differentiated business offering is proving attractive to individuals and corporate clients alike.”