Public Policy Holding Company Completes US IPO and Nasdaq Dual Listing

Fried Frank advised Public Policy Holding Company, a London-listed government relations and public affairs firm based in Washington, DC, on its US initial public offering and the dual listing of its shares on the Nasdaq Global Market. The offering, which included both a primary and secondary component, priced on January 27, 2026, and closed on January 29, 2026, and Public Policy Holding Company's shares started trading on the Nasdaq Global Market under the symbol "PPHC" on January 28, 2026. The transaction, which was designed to align the company's capital markets profile with its US-based operations, increased the company's total market capitalization to approximately USD 400 million and was followed by its inclusion in the Russell 2000 and 3000 indices in March 2026.

The transaction highlights the firm's and our London-based team's capabilities with dual listings and listing migrations, and is the latest in a long line of iconic transactions of this sort across an array of jurisdictions on which members of our London-based team have played leading roles.

Additionally, the transaction is representative of Fried Frank's continued work advising professional services firms on their offerings and listings. For example, the firm also recently helped steer the successful listing of MHA, an independent UK and Ireland accounting and advisory firm, on the London Stock Exchange in April 2025, as counsel to the sole placing agent.

The Fried Frank team was led by corporate partner Ashar Qureshi.

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