AIM-listed Public Policy Holding Company launches $56 million US IPO
January 28, 2026 News
AIM-listed PPHC prices US IPO at $12.25, raising $51 million
Public Policy Holding Company, which provides lobbying and communications services for corporations and non-profits, raised $51 million by offering 4.2 million shares （18% secondary） at $12.25. At pricing, the company commands a market cap of $363 million.
IPO Overview
Public Policy Holding Company, which provides lobbying and communications services for corporations and non-profits, launched the roadshow for its US IPO on Thursday.
The Washington, DC-based company plans to raise $56 million by offering 4.2 million shares （18% secondary） at at assumed price of $13.45, the as-converted last price of its shares on London’s AIM exchange on January 15. At the assumed offering price, PPHC would command a fully diluted market value of $399 million.
PPHC is a global communications and public affairs advisory group, providing government relations, corporate communications, and compliance services through a portfolio of 12 member firms. The company serves approximately 1,400 active clients worldwide across industries such as healthcare, finance, energy, technology, and transportation. PPHC operates through offices across the United States, the United Kingdom, Shanghai, Abu Dhabi, and Dubai, offering services to support managing regulatory risks, public policy challenges, and reputation across multiple jurisdictions.
Public Policy Holding Company was founded in 2014 and booked $265 million in sales for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol PPHC. Oppenheimer & Co., Canaccord Genuity, and Texas Capital Securities are the joint bookrunners on the deal. It is expected to price during the week of January 26, 2026.
About the Company
Founded by veteran advisors with decades of experience in Washington, D.C.’s public policy and government relations landscape, we have grown and diversified our global communications advisory business through targeted acquisitions and organic growth. We designed our business to address the growing complexity and costs facing major corporate and non-profit entities in managing increasingly intricate and interdependent public policy and reputational challenges, and we now help more than 1,400 clients around the world navigate today’s complex mosaic of stakeholders across the full spectrum of corporate affairs. Our clients include nearly half of the Fortune 100. Across our growing portfolio, our specialized firms offer global strategic communications services, including government relations, corporate communications, public affairs, research, crisis management, financial communications and investor relations, and creative communications delivery. We are active in all major sectors of the economy, including healthcare and pharmaceuticals, asset management and financial services, energy, technology, telecoms and transportation. Our diverse and complementary services help clients enhance, fortify and defend their reputations, advance corporate strategy, manage regulatory risk and opportunities, and maintain productive, ongoing engagement with their most important stakeholders.