The group behind the Revolution bars has stated that shares have been given a price of 200p each since the company concluded the Initial Public Offering in mid-March.
Conditional dealing in the shares has already begun, and Revolution Bars Group has stated that the intention is to utilise proceeds from the flotation to finance its Plans for expansion.
There are currently 53 bars in the chain, located throughout the UK, but the group hopes to increase this number to approximately 100 over the next few years.
It also aims to launch around 35 more of its Revolucion de Cuba establishments, which offer Cuban cuisine, salsa dancing and live music, taking the number of these in the UK to 40.
Successful chain bars such as this one often make use of poster printing in Ashton-under-Lyne and similar areas, to make sure that people living in these places know all about them.
Mark McQuater, the group’s chief executive, thanked its staff, investors and customers for their backing and added:
“With their support, we believe we are ideally placed to proceed with our growth strategy and roll-out Plans for Revolution and Revolucion de Cuba.”
Over 85 percent of the 50 million shares the group has have been included in the IPO.Get a Free Quote for Plans