London Stock Exchange welcomes Fusionex to the AIM Market
London Stock Exchange today welcomed Fusionex International plc ("Fusionex" or "The Group") to open its UK markets, marking the start of conditional dealings in its shares and admission to AIM, today, 18 December.
The Group's shares were priced at 150p each, valuing the company at £64.5 million. The offering raised £12 million and recognised the AIM market as an ideal trading platform for an ambitious, high growth technology business.
Ivan Teh, Chief Executive of Fusionex commented:
“We are delighted with the strong support from shareholders which we believe is a positive endorsement of Fusionex’s business model, product offerings and our market opportunity.
We are well placed to continue to grow our existing business across Asia Pacific, the United States and Europe, further capitalising on the market potential within the business intelligence marketplace and most notably in the field of Big Data and look forward to our new life as an AIM-listed company continuing to build shareholder value.”
Jon Edwards, Deputy Head of Primary Markets - Emerging Markets, said:
"We are delighted to welcome Fusionex to open trading on our markets today. This is the fourth IPO from the software sector this year and reflects the good pipeline of international companies choosing to list in London. AIM continues to offer ambitious, high growth technology companies an ideal environment to realise their potential."