Ultimate Products begins life as listed firm

Branded consumer goods group UP Global Sourcing Holdings was admitted to the premium listing segment of the Official List of the Financial Conduct Authority on Monday, as well as to trading on the main market of the London Stock Exchange.

Dealings commenced at 0800 under the ticker UPGS.

“We are delighted to be welcoming new shareholders to the register as we take the business forward with this important step in Ultimate Products' story,” said chief executive Simon Showman at the publication of the company’s prospectus on 1 March.

“Ultimate Products is a fast growing business focused on selling consumer goods for the home under well-known brands to over 300 retailers across 38 countries.”

Showman said the firm’s branded, mass-market strategy consistently delivered significant organic revenue and profit growth, and it was “well-positioned” for further growth as it leveraged its strengths to take advantage of the substantial structural changes that continued to impact the retail market.

“We have been very pleased by the strong interest in our IPO that investors have shown, and we look forward to the benefits the flotation will create for our company, our people and our customers in the months and years ahead.”