15th Oct 2021 17:57
Light Science Technologies Holdings PLC - environment agriculture and technology and contract electronics manufacturing company - Shares in Light Science begin trading on AIM, with a market value of around GBP17.4 million. Proceeds from the placing as part of its initial public offering, at a price of 10 pence per share, will be used for expanding its UK scientific laboratory grow room and enhancing marketing campaigns, product design, tooling and development.
Current stock price: 11.39p, up 14% from IPO price
Intuitive Investments Group PLC, which holds a 7.6% stake in Light Science, notes the floatation.
David Evans, executive chair of IIG, comments: "Congratulations to Simon Deacon and the LSTH team. We are particularly excited by LSTH's deep knowledge of the light spectrum, particularly for applications in the fast-growing controlled environment agriculture division which addresses vertical farming, glasshouse and polytunnels, but also in other applications in digital health. We look forward to LSTH's continued success in the next stage of its development as an AIM company."
Current stock price: 18.81p
Year-to-date change: 14%
By Arvind Bhunjun; [email protected]
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