Public Policy Holding Company, which provides government relations and communications services for corporations and non-profits, announced terms for its US IPO on Tuesday. Also known as PPHC, the company is currently listed on the London Stock Exchange’s AIM market under the ticker PPHC; the stock has risen 59% year-to-date.
The Washington, DC-based company plans to raise $60 million by offering 4.1 million shares (17% secondary) at an assumed offer price of $14.64, the converted closing price of its London-listed shares on October 17. At the assumed offering price, Public Policy Holding Company would command a market cap of $432 million.
PPHC is a global communications and public affairs advisory group, providing government relations, corporate communications, and compliance services through a portfolio of 12 member firms. The company serves approximately 1,300 active clients worldwide across industries such as healthcare, finance, energy, technology, and transportation. PPHC operates through offices across the United States, the United Kingdom, Shanghai, Abu Dhabi, and Dubai, offering services to support managing regulatory risks, public policy challenges, and reputation across multiple jurisdictions.
Public Policy Holding Company was founded in 2014 and booked $166 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol PPHC. Oppenheimer & Co., Canaccord Genuity, and Texas Capital Securities are the joint bookrunners on the deal.
