6th Dec 2021 15:50
Windward Ltd - Tel Aviv-based artificial intelligence software for maritime industry - Starts trading on AIM market in London, having raised GBP26.3 million for the company and GBP8.2 million for selling shareholders in its initial public offering. At the offer price of 155 pence per share, Windward has a GBP126.5 million market capitalisation. The stock was quoted at 170p Monday afternoon, up 9.7%. The IPO is led by Canaccord Genuity as nominated adviser and broker.
Windward's software provides real-time information on vessels at sea, allowing owners and other industry participants to manage risk. "The global maritime industry is facing pressure from multiple directions - increasing compliance requirements, increasing freight shipping costs, lack of data visibility and all against a pressing need to steer towards a carbon neutral future," says Co-Founder & Chief Executive Officer Ami Daniel.
By Tom Waite; [email protected]
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