24th May 2021 10:07
(Alliance News) - Dianomi PLC on Monday said it is targeting growth in North America and the Europe, Middle East & Africa region following the digital advertising services firm's London float, which fetched GBP37 million.
Dianomi lists wealth managers and some of the largest US banks among its clients. It first unveiled plans for an initial public offering on London's AIM junior market earlier in May.
The IPO raised GBP37.0 million in total, with GBP5.0 million going to the company and GBP32.0 million to selling shareholders. Shares were priced a 273 pence each. Dianomi had a market capitalisation of GBP82.0 million on admission.
The stock was trading at 290.87p, up 6.5% from its IPO price and valuing Dianomi at GBP87.3 million.
Panmure Gordon UK Ltd served as nominated adviser, sole broker and sole bookrunner for the float.
"The company intends to use the net proceeds of the placing of the new shares to expedite the group's organic growth through expanding the group's sales and marketing capabilities in North America and EMEA and expanding into other verticals, most imminently into the premium lifestyle content vertical," Dianomi.
By Eric Cunha; [email protected]
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