At last check, the Redknee floatation on the AIM was to be priced and trading tomorrow. Will be interesting to see how the raise compared to the 17.5 million pounds that were sought. If the book filled up nicely, it’ll be another example of how the capital markets have evolved for certain sectors of the economy. Mining, alternative energy and tech all seem to have been drawn to the entree exchange to the LSE. As long as the dealer marketing the offering can point to a tangible business link with the EU.
Redknee has customers from around the world, and fit that bill perfectly. Best of luck to Lucas and the team. If this deal gets done, you can count the days before a certain fabulous private Ottawa-based tech firm is at the AIM starting gate.
In the Bizarro AIMo category, I’m not sure I’ll get used to the idea of semi-annual financial reporting. (In case you didn’t know, AIM-listed firms only publish their financial results every six months.) Must be fun if you’re coming off a great earning release. As for the trend to greater transparency for public companies, one can only assume that the Brits will eventually catch up with the North American standard of quarterly financial reporting for public companies.