12th Oct 2020 11:18
(Alliance News) -Â Fonix Mobile PLC began life on London's junior AIM market on Monday.
The UK-focused mobile payments and messaging company last week priced its initial public offering at 90 pence per share. It raised GBP45.0 million via an oversubscribed placing of 50.0 million shares and had a market capitalisation on admission of GBP90.0 million.
Fonix shares were trading at 91.50p mid-morning on Monday.
finnCap is acting as nominated adviser and sole broker to the company.
"Joining AIM is an exciting and significant milestone for Fonix. We are delighted with the strong support from a wide range of institutional and other investors and look forward to further building on our growth strategy to create value for all our stakeholders," said Chief Executive Rob Weisz.
By Lucy Heming;Â [email protected]
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