Former SThree CEO, Russell Clements, Talks About His Experiences Floating Companies on The Stock Market, in A New Find The Edge Article
(PRWEB UK) 24 July 2013 -- Former CEO of SThree, Russell Clements, talks about the steps companies need to take when looking to float on the stock market, and why the floatation of his own company wasn't ideal, in a new Find the Edge interview.
During the discussion, with Find the Edge's Kenny Goodman, he also talks about what an IPO actually is. He said: "Essentially an IPO is an initial public offering. So it refers to the first time the stock of a company the equity becomes available to buy and trade on a public market.
"In the case of SThree we did the main board of the London Stock Exchange."
"It essentially means you no longer have to be an insider, so to speak, in order to own equity in that particular business."
While SThree went on to become a hugely successful company, he explains why its IPO wasn't ideal.
Clements said: "In our particular case, what was happening on the macroeconomic front, in the background, was going from bad to worse."
"SThree, as a recruitment company, is seen as a cyclical business - so it does very well in good times and not so well in bad times."
"So if people think the economic situation is going downhill in the near future - no matter how brilliant they think you are as a company - they're going to be reluctant to get their chequebook out."
"What that normally gets reflected through is in downward pressure on the price, because in the end, the price is only what the market is prepared to pay for it."
The full interview can be read or downloaded here: http://www.findtheedge.co.uk/interviews/interview-with-russell-clements-part-3-what-is-an-ipo
Russell Clements was CEO of SThree until his retirement in December last year, after 26 years with the company. He is now non-executive Chairman of cube19 and a private investor. More about him can be found here: http://www.findtheedge.co.uk/expert-panelist/russell-clements.
Kenny Goodman, founder of Find the Edge, said: "This is the final segment of my three-part interview with Russell. It was a pleasure to speak with him, and he's shared some incredibly useful information for any business owner."
Find the Edge features regular content created by business owners and entrepreneurs.
Kenny Goodman, Find the Edge, http://www.FindTheEdge.co.uk, 07540 368 439 0161 713 2506, [email protected]
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