, UK

Comptoir Libanais float raises £16m

The Lebanese restaurant chain raised £16m through its flotation on the London Stock Exchange. The company will use half of the funds to support its UK expansion plans.

A total of 96 million ordinary shares in the business were issued, giving a market capitalisation of £48m, at 50p per share.

Chaker Hanna, chief executive of Comptoir, said: "Today marks an important milestone in the development of Comptoir. Our listing provides us with the platform to accelerate the growth of the business, allowing us to bring our fresh, healthy, Lebanese dining experience to many more people across the UK."

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