British law firm DWF Group has raised 95 million pounds ($125.1 million) in an initial public offering on the London Stock Exchange.

The offering values DWF Group at around $482.1 million.

The firm issued 61.5 million new shares and selling shareholders 16.6 million existing shares, at $1.61 each.

DWF intends to use the funds to repay some of its credit, invest in new information technology systems, and the remaining portion of the funds could also go to some acquisitions.