DX Group has revealed its intention to sell shares via an initial public offering (IPO).

The operator is scheduled to start trading on AIM from 27 February but the size of the share offer is yet to be determined.

DX Group describes its growth strategy as including a combination of organic growth, efficiency improvements and the turnaround of DX Freight, formerly Nightfreight, which it acquired in 2012.

DX Group CEO Petar Cvetkovic said: “We are delighted to announce our plans for a listing on the AIM market.

“The DX team has worked hard to develop the business over the last four years, and it is this ability and ambition that will allow us to deliver on our clear strategy for growth.

"The IPO is the next evolutionary step in our development and we are very excited about the significant opportunities ahead,” he said.

DX completed the rebranding of Nightfreight in August last year.

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