WANdsico floats on AIM, raising £15m
- Nick Clegg congratulates Sheffield-based tech firm
- Software firm joins market with valuation of £37m
London Stock Exchange today welcomes WANdisco to AIM, LSE's market for smaller and growing companies. The software firm, which has its headquarters in Sheffield and an office in California, was admitted to trading with a market capitalisation of £37m, and raised £15m in gross proceeds for the Group.
To mark the admission David Richards, Chairman and Chief Executive Officer at WANdisco, joined Marcus Stuttard, Head of AIM at London Stock Exchange Group, to open trading in London this morning.
Rt Hon Nick Clegg MP, Deputy Prime Minister and Member of Parliament for Sheffield Hallam, said:
"I'm delighted that WANdisco are moving forward with their plans to expand. It is a real statement of confidence and I'm sure the flotation will ultimately lead to the creation of new jobs. As a local MP, I'm particularly proud that this innovative and fast growing Sheffield-based company continues to go from strength to strength."
Marcus Stuttard, Head of AIM at London Stock Exchange Group, said:
"WANdisco's flotation is a great example of how AIM supports innovative fast growing companies in delivering on their global growth aspirations. Raising equity capital is the ideal mechanism for ambitious firms to fund innovation, growth and ultimately employment."
David Richards, CEO at WANdisco, said:
"I am delighted with the success of our significantly oversubscribed Placing and with the strong, supportive response we have received from our new, high-quality institutional shareholder base. We have a clear strategy for growth and the funds raised through our Placing will help us to now deliver on that strategy, opening up new markets, new products and new possibilities both for WANdisco and for its customers."
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,850 people.
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