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.
read the full story here:
http://www.shareworld.co.uk/index.php/share-spotlight/november-15-2012/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment