Sergey Nivens - Fotolia
The last steps in the journey to become a public company are being taken by Softcat as it readies itself for its first day of trading on the London Stock Exchange next week.
The reseller has announced the pricing of its IPO, which values the company ay £472.3m and has revealed it has already secured the backing of some institutional investors.
Already there is interest in the shares as they can be traded on a conditional basis in the run up to the Stock Exchange launch on the 18 November.
Conditional dealings have already seen the shares climb in value by 14% to a value of 275p, up from the IPO price of 240p.
At the same time as revealing the details of the offer price the channel player has also turned to an industry veteran with public company experience Vin Murria to come on to its Board as an independent non-executive director.
Murria has experience at Computer Services Group and was CEO of Advanced Computer Software, which was sold to privet equity player Vista Equity Partners earlier this year for £750m.
Martin Hellawell, CEO of Softcat, said that the IPO price was based on the positive response it had recieved from instituional investors and some of those would be becoming stakeholders in the company.
"We are delighted with the outcome of the IPO process thus far and now look forward to fully focussing on the running and future development of our business. The Softcat employees have done a fantastic job to get us to this stage and I would like to thank them, as well as our customers and partners for the great support and encouragement they have given us. We look forward to driving the Company forward together," he said.
"We will remain focussed on the things that matter most to us, namely: being a great place to work for our employees; providing outstanding service to our customers; and creating shareholder return. At Softcat, at least, we firmly believe those factors are all intrinsically linked," he added.
Softcat first revealed its intentions to go public back in May when it sought out a broker that could handle the floatation and made it official last month.
The valuation of the firm comes on the back of strong financial results and a plethora of awards it has won from vendors for being one of the leading resellers in the UK.
In the three years ended 31 July 2015, Softcat increased its revenue organically from £395.8m to £596.1m and adjusted operating profit from £28.1m to £40.6m.
As well as raising capital one of the main benefits that Softcat has highlighted as a result of going public will be the chance to attract new customers that like dealing with a listed operation.