5th Sep 2022 14:14
Zamaz PLC - London-based e-commerce firm - Starts trading on London Main Market on Friday after direct listing, by-passing the more-usual initial public offering. As part of the listing, alternative financing firm Atlas Capital Markets LLC subscribes for 35.3 million new shares at 11 pence each, rasing GBP3.7 million for Zamaz after a 5% discount given. Atlas also subscribes for up to GBP15.0 million in convertible loan notes in Zamaz, with up to GBP2.3 million in warrants attached. Zamaz has 708.1 million shares issued in total upon listing, giving it a GBP77.9 million market capitalisation.
Zamaz analyses data on consumer shopping behaviour from online retail technology platforms and uses this insight to sell a portfolio of brands on Amazon.com Inc marketplaces in the EU and UK.
Current stock price: 9.48p on Friday, untraded on Monday
By Tom Waite; [email protected]
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