On April 6th, 2023, Fadel Partners Inc, the New York-based developer of media rights and royalty management software, started trading on the AIM market in London and it raised about GBP8.0 million, 6.7% higher than GBP7.5 million it had expected, according to Morning Star. 

After the initial public offering on April 6th, the company’s share rose from 144 pence to 147 pence and the market capitalization after the IPO was 2.1% higher (GBP29.4 million) than what the company anticipated (around GBP28.8 million), according to the same source. Fadel Partners will be using the raised funds to invest in marketing, and research & development to innovate and develop its products.

(Image via Fadel Partners Inc.)

“We’re excited to have reached another significant milestone at FADEL,” said founder and CEO Tarek Fadel in a statement to LebNet. “Listing the company on the London Stock Exchange will allow us to continue to globally support our blue-chip customer base, further invest in product innovations and help accelerate our go to market plans, both in the US and Europe.”

Fadel Partners Inc. employs around 100 people in Lebanon in its R&D and Services divisions and is led by Tarek Fadel, a longtime LebNet member and supporter. LebNet congratulates Tarek Fadel and Fadel Partners Inc and is proud of their accomplishments!