Glantus Holdings starts trading on AIM after raising GBP14 million
Tue, 11th May 2021 11:53
(Alliance News) - Shares in Glantus Holdings PLC began trading on AIM in London on Tuesday, after it had raised GBP14 million in an oversubscribed placing.
The provider of automation and analytics solutions said it issued 9.8 million shares in the initial public offering at a price of 102 pence each, raising GBP10 million. A further GBP4.0 million was raised for existing holders through a placing of 3.9 million existing shares at the same price.
The new shares represent 27% of the company's issued share capital. On admission, the market capitalisation of Glantus Holdings was GBP37.0 million.