CMS Distribution, the Mayo-based specialist distributor which supplies business and consumer technologies to customers, is planning an Initial Public Offering (IPO), as early as 2022.
Frank Salmon, the founder and majority shareholder in the firm, said the flotation would most likely take place on the London Stock Exchange although given the current pandemic and Brexit disruption, he could push it back to 2023 if required.
He added that it was too early to say how much of the business he would be prepared to sell through the IPO although any funding would be used to expand the business.
"We continue to review all strategic options for the sustainable growth of the business for all CMS stakeholders, this includes the option and our ambition to IPO the business," he said.
"This would help us to fund future growth and unlock some value for our longstanding shareholders and key staff members and fund future expansion in the UK, Europe, US and Asia Pacific."
Salmon bought CMS in the late 1980s and transformed it into a distribution firm with a client base involving 3,000 resellers and retail partners worldwide.
He owns 80pc of the firm while staff have 12pc of the shares and the remainder is owned by original shareholders.
For the year end March 2019, Storit, the CMS parent firm, reported sales of £453m and EBITDA of £19.7m.
While CMS is a frontline firm, selling into the NHS in the UK and the HSE here, it has taken a hit due to the coronavirus.
"We have seen a 50pc drop in sales in some aspects of the business but this has been offset somewhat, in hikes in other parts," said Salmon. "For example, we distributed 4,000 drones in the last four weeks and sales of fitbits are also up because people were in lockdown. Sales of home-working goods are also up."
Sunday Indo Business