Shareworld's Guide to Investing - The Official Blog

Thursday, 22 November 2012

WANdisco (WAND) - Buy

There have only been three technology floatations in London this year. A far cry from the heady days of the tech boom a

decade ago. However, the three companies that have listed in 2012 have gone largely unnoticed. For starters they’re small,

and they’ve also chosen the Alternative Investment Market (AIM) to make their debuts. The first to appear was Austrian

software company Incadea, which raised £17m in May. The second, WANdisco, came to the AIM market in June. Then Blur Group

raised £4m in October. Of the three, WANdisco has been the most successful. It is a small company worth around £90m. The

shares were originally placed at 180p and have more than doubled since the first day of trading. Management decided to list

on AIM in order to fund expansion of the company’s sales force, to open an office in China and potentially make some

acquisitions. The placing was significantly oversubscribed (by 300 per cent) and shareholders include big institutions like

Fidelity, Legal & General, Blackrock and M&G.

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