Broker John East has raised £5.5 million at 100p a share for Vimio – a Swedish university spin-out with an eye on the mobile data market – ahead of its £25.5 million AIM flotation next week.
For companies eyeing flotation, perhaps the greatest headache is securing a team of advisers to guide you through the IPO process. Fortunately, the level of expertise available remains reassuringly high, as this year’s Growth Company Awards prove.
American entrepreneur George Karibian, who has already built up one £47 million telecoms business in Europe, hopes to stage a repeat performance in Britain in the traditionally prosaic field of office equipment.
Acquisitive bookmaking group ubet2win, which has pitches at courses in England and Ireland and is advised by Beaumont Cornish, is introducing its shares onto AIM tomorrow at 3.5p.
As foreshadowed by GrowthBusiness in March, interactive electronic sandwich board pioneer Adwalker has raised £4 million at 8p – with the aid of broker John East – ahead of first AIM dealings next Tuesday.
Cyberscan, a provider of downloadable server-based systems to the gaming industry, has joined AIM with a £91.3 million price tag following a £34 million Collins Stewart-sponsored placing.
New Zealand-registered network security venture Endace will become the first Kiwi company listed on AIM when it floats in mid-June following a £14 million fundraising.
AIM-listed investment vehicle Eurovestech is poised to net a near £14million paper profit when online research company Cjudge completes its£25 million flotation on Wednesday 25 May.
John Robertson, veteran resources specialist at broker Nabarro Wells, is chairman-designate of Aussie-listed Elixir Petroleum, which is raising £7 million on AIM to pursue oil and, it hopes, natural gas opportunities in the North Sea.