4th Jan 2016 08:00
LONDON (Alliance News) - Shares in analytics technology company Trendit Ltd will start trading in London on Monday morning, after the company raised GBP4.0 million from its float on London's Main Market.
Trendit raised GBP4.0 million from the issue of shares at 5.53 pence per share, meaning it has issued a total of 66.7 million shares. The IPO was run by Peterhouse Corporate Finance.
Trendit will have a market capitalisation upon admission of GBP12.0 million. The company provides data analytics services focusing on trends, population movement and crowd behaviour.
Trendit is based in Tel Aviv in Israel and is seeking to position itself as a global player in the Big Data analytics market in order to capitalise on the growth of this market and of Smart Cities, which will use information and communication technologies to boost the quality and performance of urban services.
By Sam Unsted; [email protected]; @SamUAtAlliance
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