Shares in listed law firm Ince Group fell drastically today (15 January) after the company called for an additional £16m in finance to reload its balance sheet following Gordon Dadds’ acquisition of the firm in 2018.
The placing saw shares fall almost 50% to 45p from 89p, before rising slightly to 47p. Ince sought the accelerated book build to ‘continue with its programme of partner recruitment, especially in the overseas offices to bolster and enhance their existing practices.’
