PrimaryBid was pleased to support FTSE 250 storage company Big Yellow Group plc (LSE:BYG), on its recent fundraise.

Big Yellow raised approximately £110 million through a placing to institutional investors, the company’s executive directors, plus a retail offer via the PrimaryBid platform with the proceeds being used to build out the Group's existing pipeline of stores.

PrimaryBid’s retail offer saw strong demand from retail investors in the space of a few hours and the offer represents the 11th FTSE 350 transaction that PrimaryBid has been mandated on since the beginning of 2023.

Existing shareholders and new investors were able to participate through PrimaryBid's website, app and through its partner network of investment platforms, retail brokers and wealth managers.

The PrimaryBid retail offer was only available to investors in the UK.