Olswang has advised Blue Prism, leader in Robotic Process Automation (RPA), on its admission to trading on the London Stock Exchange's AIM market. Ahead of its initial public offering (IPO) on AIM, the company raised a total of £21.1 million and is valued at approximately £48.5 million. Admission and commencement of dealings took place today, Friday, 18 March.

The first IPO on public markets of a developer of software robots trained to automate routine back-office clerical tasks, Blue Prism has deployments with more than 74 customers, including a number of the world’s largest banks, insurers, utilities, healthcare, telecommunications, service providers and other regulated industries. The IPO will allow Blue Prism to support its global growth plans and enhance its profile within the RPA marketplace.

Commenting on the IPO, Blue Prism CEO Alastair Bathgate said: “We are delighted with the support which Simon and the Olswang team have provided us over the last six month period. Their insights, commitment and energy have been first class; a great team for us to have worked with.”

Olswang Corporate Partner Simon Morgan commented: "We're pleased to have advised Blue Prism on such a significant milestone in the company's history. They've been at the very forefront of developments in the Robotic Process Automation market, and their IPO will help facilitate their growth further. We look forward to seeing the benefits of their AIM admission and the company's growth in the future."

The Olswang team was led by Corporate Partner Simon Morgan along with Corporate Associates Philip Walton, Nicole Gyring-Nielsen, Patrick Peake, and Corporate Paralegal Tom Hutchinson; Commercial Partner Dominic Dryden and Commercial Associate Alasdair Lamb; IP Attorney Melissa Pearson; and Tax Partner Andrew Quayle and Tax Senior Associate Catherine Merry.