London Stock Exchange welcomes Allied Minds plc to the Main Market
London Stock Exchange today welcomes Allied Minds plc for its first day of conditional dealings. Allied Minds is an innovative company that works to develop and commercialise science and technology innovations from US universities and federal government research institutions. The Company’s business model and network of partnerships provides investors with an opportunity to gain exposure to commercialisation of US intellectual property assets.
Allied Minds will be admitted to the premium listing segment of the Official List on the Main Market, and the commencement of unconditional dealings is expected to take place on 25 June 2014. In relation to the Offer, Jefferies is acting as Sole Sponsor and Sole Bookrunner. FTI Consulting acted as financial public relations adviser to the Company.
Chris Silva, Chief Executive Officer of Allied Minds, said:
"Our initial public offering marks a major milestone in the company’s progress. With our extensive partner network, our innovative screening and evaluation process, and our disciplined approach to allocating capital and resources to our businesses, Allied Minds has successfully built a diversified portfolio of 18 businesses and a portfolio of promising intellectual property assets. The funds raised at IPO will enhance and accelerate our ability to commercialise innovative science and technologies from U.S. universities and government research institutions."