Liberum
- Company typePrivate
- Founded2024
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Liberum does
Panmure Liberum is the UK's largest independent investment bank, formed in May 2024 through the merger of Liberum Capital (founded 2007) and Panmure Gordon, with Atlas Merchant Capital as strategic backer. The firm operates a full-service platform spanning four primary business lines: Investment Banking (Corporate Advisory, Equity Capital Markets, M&A, Corporate Broking & IR, Growth Capital Solutions, Debt Advisory); Execution Services (Sales Trading, Investment Funds, International Trading, ETF Trading and Market Making in 720+ stocks across UK, US, Europe and Asia); Sales (Institutional Sales, Corporate Access, Conferences & Events); and Research covering 500+ companies and funds. It serves 185 listed corporate clients and over 900 institutional market counterparties globally.
The underlying technology is a market-making and execution platform with All-Cap capabilities across four geographies, complemented by a dedicated research portal (research.panmureliberum.com) for institutional clients. New product lines added post-merger include the Debt Advisory team (July 2024) and Panmure Liberum Cambridge Capital (PLCC) — a specialist Private Capital offering focused on healthcare and life sciences — alongside the Liberum Wealth subsidiary in Guernsey. Operations span five offices: London (headquarters, Ropemaker Place), New York, Cambridge, Leeds and Guernsey, with a leadership team headed by CEO Rich Ricci.
Revenue is generated through five primary streams: investment banking advisory fees, equity capital markets transaction fees (underwriting, bookrunning, placement commissions), execution services (trading commissions and market making spreads), research provision to institutional clients, and institutional sales commissions. The firm operates as a privately held UK private limited company (Panmure Liberum Limited, FCA Register 403721) with a US operating subsidiary regulated by FINRA/SEC. Distribution is enterprise field sales via corporate advisory and institutional sales teams, with no publicly disclosed pricing and relationship-based, transaction-by-transaction commercial terms.
Liberum firmographics
Firmographics- Name
- Liberum
- Legal name
- Panmure Liberum Limited
- Website
- https://liberum.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Liberum industry classification
Industry- Product category
- Investment Banking
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Prime Brokerage (FSAEACAD)
- akta.pro secondary industry
- Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)
Keywords
Where Liberum is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Liberum business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Investment Banking Advisory: Strategic advice across capital raising, M&A, corporate broking and debt advisory. Revenue generated through advisory fees, success fees, and retainer arrangements with corporate clients.
- Equity Capital Markets: Equity capital markets services including IPOs, secondary offerings, and placements. Revenue from underwriting fees, bookrunning fees, and placement commissions.
- Execution Services: Liquidity, market making and execution across UK and international equity markets. Revenue generated through trading commissions and market making spreads.
- Research: High-conviction research across core industry sectors. Revenue from institutional clients for research provision.
- Sales: Institutional sales connecting research, trading and banking. Revenue from execution commissions and relationship-based services.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Liberum product offering
Product offeringCore offering
Panmure Liberum is a UK-based independent investment bank delivering a full-service platform spanning Investment Banking (corporate advisory, equity capital markets, M&A, corporate broking, debt advisory), Execution Services (sales trading, market making, ETF trading across 720+ stocks), Institutional Sales, and high-conviction Research across 500+ companies and funds. It also operates Panmure Liberum Cambridge Capital (PLCC) for private capital raising in healthcare and life sciences, and Liberum Wealth in Guernsey.
Product overview
Panmure Liberum is the UK's largest independent investment bank formed by the merger of Liberum Capital Limited and Panmure Gordon in May 2024. The company operates as a full-service platform providing Investment Banking (Corporate Advisory, Equity Capital Markets, M&A, Corporate Broking, Debt Advisory), Execution Services (Sales Trading, Market Making, ETF Trading), Sales (Institutional Sales, Corporate Access, Conferences), and Research across 500+ companies and funds. Execution capabilities span UK, US, Europe and Asia with market maker coverage in over 720 stocks. New product areas include Debt Advisory and Panmure Liberum Cambridge Capital (PLCC) for specialized Private Capital in healthcare/life sciences. The firm also offers a Research Portal for institutional clients and Liberum Wealth for private wealth management through its Guernsey office.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Banking Strategic advice across capital raising, M&A, corporate broking and debt advisory, informed by deep sector expertise and public markets insight. Covers Corporate Advisory, Equity Capital Markets, Corporate Broking & IR, Mergers & Acquisitions, Growth Capital Solutions, and Debt Advisory.
- Execution Services Liquidity, market making and high-touch execution across UK and international equity markets, supported by experienced traders and market intelligence. Covers Sales Trading, Investment Funds, International Trading, ETF Trading, and Market Making. Market maker in over 720 stocks with All-Cap execution capabilities across UK, US, Europe and Asia, servicing over 900 market counterparties.
- Sales Trusted relationships with institutional investors, connecting research, trading and banking to uncover relevant opportunities. Covers Institutional Sales, Corporate Access, and Conferences & Events.
- Research High-conviction research across core industry sectors, insight driven by deep company knowledge and disciplined financial analysis. Covers 500+ companies and funds, accessed via the Research Portal.
- Debt Advisory Specialized debt advisory team providing advice to corporate clients across the capital structure. Supports clients to structure, price and access pools of liquidity from lending banks and debt funds for working capital, capex, M&A, pre-/post-IPO, rescue capital and structured financing.
- Panmure Liberum Cambridge Capital (PLCC) Specialized Private Capital offering based in Cambridge supporting innovative and growing companies in healthcare and life sciences sector to access capital from global network of investors. Provides guidance throughout entire business lifecycle including all stages of private funding.
- Liberum Wealth Specialist wealth management advice and long-term support for private clients, operated from the Guernsey office.
- Research Portal Dedicated online research portal providing access to Panmure Liberum's research coverage and market insights for institutional clients.
Quantifiable outcome
- 185 listed corporate clients and 500+ companies & funds covered
- +2 more outcomes
Companies that use Liberum
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles4 records
Liberum technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Liberum partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and regional.
- The Bank of Bahrain and KuwaitcorePanmure Liberum partners with The Bank of Bahrain and Kuwait to enhance investment banking capabilities in Bahrain and the GCC region, extending reach into the Gulf Cooperation Council markets.
- Nedbank CIBcorePanmure Liberum and Nedbank CIB partner across equity research, trading and advisory, creating a broader international coverage platform for clients.
- Petra CapitalregionalPartnership expands Panmure Liberum's distribution capabilities in Australia, providing local market access for Australian clients seeking UK investment banking services.
Scale indicators5 records
Recent moves9 records
Expansion highlights7 records
Liberum competitors and assessment
Company assessmentDirect peers
- Numis (acquired by Deutsche Bank in 2024): Pre-acquisition, Numis was the closest direct peer to Panmure Liberum - a UK-listed mid/small-cap broker and advisor with execution, research and corporate broking. Panmure Liberum hired multiple senior US staff (Husband, Hewitt, Pyott) directly from Numis US.
- Peel Hunt: UK-listed mid/small-cap investment bank offering corporate advisory, equity capital markets, research and execution services to UK listed corporates and institutional investors. Directly comparable in scale, scope and client base.
- Shore Capital: UK investment banking and stockbroking group serving small/mid-cap listed corporates with advisory, equity capital markets and principal trading. Closely comparable niche independent investment bank.
- Cavendish Securities (formerly finnCap / Cenkos): UK mid/small-cap advisory and broker formed via merger of finnCap and Cenkos. Direct competitor in UK small-cap IPOs, placings and corporate broking.
- Winterflood Securities: UK market maker and broker providing two-sided liquidity in small and mid-cap UK equities. Highly comparable to Panmure Liberum's market-making execution franchise.
- Cazenove (Barclays): Long-standing UK mid-cap corporate broking and advisory franchise, now operating within Barclays. Direct competitor in UK listed corporates and equity capital markets, despite being embedded within a bulge-bracket parent.
Broad incumbents
- Jefferies International: Global investment bank with strong UK and European mid-cap franchise across advisory, equities, and research. Overlaps with Panmure Liberum's UK and international mid-cap client base.
- Canaccord Genuity: Global independent investment bank with mid-market M&A advisory and equity capital markets capabilities. Comparable in its independent-broker positioning and mid-market focus.
- Stifel (Europe): US-headquartered full-service broker-dealer with significant UK and European operations in mid/small-cap advisory, research and market making. Largest single mid-cap competitor by execution scale.
- Houlihan Lokey: Independent global investment bank with strong M&A, capital markets and financial restructuring practices. Comparable in its independence-led positioning and breadth across mid-market advisory.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Liberum social profiles
Digital presenceLiberum compliance and trust
Trust signalCompliance10 records
Liberum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Liberum leadership team
Management profileNumber of profiles
Profiles18 records
Liberum subsidiaries and ownership
Company hierarchySubsidiaries3 records
Liberum funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Liberum M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Liberum
What does Liberum do?
Panmure Liberum is a UK-based independent investment bank delivering a full-service platform spanning Investment Banking (corporate advisory, equity capital markets, M&A, corporate broking, debt advisory), Execution Services (sales trading, market making, ETF trading across 720+ stocks), Institutional Sales, and high-conviction Research across 500+ companies and funds. It also operates Panmure Liberum Cambridge Capital (PLCC) for private capital raising in healthcare and life sciences, and Liberum Wealth in Guernsey.
Is Liberum a public or private company?
Liberum is a private company. It is classified as private equity controlled and is currently operating.
When was Liberum founded?
Liberum was founded in 2024. It employs 101 to 250 people.
Where is Liberum based?
Liberum is headquartered in London, United Kingdom, in the Europe region.
How does Liberum make money?
Five revenue lines are on record. Investment Banking Advisory is the primary driver. The others are equity Capital Markets, execution Services, research and sales.
Who are Liberum's main competitors?
Direct peers on record are Numis (acquired by Deutsche Bank in 2024), Peel Hunt, Shore Capital, Cavendish Securities (formerly finnCap / Cenkos), Winterflood Securities and Cazenove (Barclays). Broad incumbents are Jefferies International, Canaccord Genuity, Stifel (Europe) and Houlihan Lokey.
Does Liberum have an API?
No public API is recorded for Liberum.
What industry is Liberum in?
Liberum's product category is Investment Banking. Its primary akta.pro industry code is FSAEACAD, Prime Brokerage, with a secondary code of BPAHAOAD, Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit). Its NAICS code is 523 and its SIC code is 6211.