Global legal services business, Axiom, has announced today (9AM EST) that it will be listing in the USA.
Precious little is known yet about values or strategy, aside from the obvious that they want lots of lovely capital to help grow the business and reward those owners who have helped build the company over recent years.
The short SEC announcement is below:
‘Axiom Global Inc. today announced it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to, among other things, completion of the SEC review process and market conditions.’
But….to the bigger question: what does it mean?
Axiom has raised a total of $28M in funding according to Crunchbase, back in 2013. The group has been going since 2000 and grew from a lawyers on demand business to something far greater and more complex.
So, the shareholders are going to get rich. But, what of the strategy? Ah…well……To complicate matters they have also made the company into three companies: