The IPO on the AIM market will see the placing of 35,875,660 new and 12,381,916 existing ordinary shares at 132p each, raising gross proceeds of around £63.7m ($82.1m, €73.1m).
As reported last week, Keefe, Bruyette & Woods and Numis are acting as joint brokers, with Stifel Nicolaus the nominated adviser.
Based on the placing price, the market capitalisation of the company on admission to the market will be around £139.7m.
Queripel Partners and Electra Partners will control 33.2% and 8.1% respectively with the remaining 13.1% owned by staff. These and senior management have entered into lock-up and orderly market arrangements.
Premier said it intends to start paying dividends during the first quarter of 2017.
The UK-headquartered firm, based in Guildford, was previously listed before 2007 when Electra Partners invested £33m in support of a £57m take-private deal. As at the end of August, Premier’s AUM totalled £4.9bn.
