Squire Patton Boggs’ Capital Markets team has advised Canaccord Genuity and North Square Blue Oak on the AIM IPO of DJI Holdings plc. DJI, which operates through its subsidiaries as a licensed and authorised distributor and promoter of regulated lottery products in the Chinese lottery market, has been admitted to AIM with a market capitalisation of approximately £130 million.

DJI offers front-end lottery ticket sales online and via mobile applications as well as back-office lottery ticket fulfilment services to large retailers. DJI raised £15 million through the IPO to support its expansion plans in the fast-growing lottery market in China.

Partner Matthew Doughty, IPO specialist in Squire Patton Boggs’ Capital Markets team in London, said: “We’re pleased to have supported the admission of DJI Holdings plc to AIM. The London capital markets continue to attract listings from businesses, particularly in the dynamic technology and e-commerce arena, which are looking to build their brands and achieve growth capital to fund longer term strategic plans, whether in the UK or in international markets such as China.”

Benjamin Kroymann, a partner in the Capital Markets team in Shanghai, who was also involved in the transaction, added: “We are seeing an increase in the level of enquiries from Chinese businesses looking to raise capital abroad, especially in Europe. Given our experience with Chinese IPOs in London, Frankfurt and Warsaw, we are perfectly positioned to service this growing demand for European listings.”