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Mayo-based CMS Distribution targets London Stock Exchange IPO for 2022

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'Frank Salmon, the founder and majority shareholder in the firm, said the flotation would most likely take place on the London Stock Exchange.' Stock image: Kirsty O’Connor/PA

'Frank Salmon, the founder and majority shareholder in the firm, said the flotation would most likely take place on the London Stock Exchange.' Stock image: Kirsty O’Connor/PA

'Frank Salmon, the founder and majority shareholder in the firm, said the flotation would most likely take place on the London Stock Exchange.' Stock image: Kirsty O’Connor/PA

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.