18 December 2014
Specialist technology investment company, Mercia Technologies, has announced it will float on the UK’s Alternative Investment Market (AIM) today.
The company, which has invested in several University of Warwick spin out companies, has raised £70m before expenses and will be admitted to AIM with a capitalisation of £106m.
Trading in Mercia’s shares started at 8.00am today (Thursday 18 December 2014).
Mark Payton, Chief Executive of Mercia Technologies PLC, said:
“We are entering the next phase of our growth as a leading national player in the development of technology businesses in the UK, by taking advantage of the significant opportunity in the Midlands and the North to scale the provision of efficient and targeted capital and support.
“We provide a platform to accelerate the development of high growth technology companies in selected sectors with the goal of exiting the investments over time, generating attractive returns and realising value.
“As well as providing us with substantial funds to invest in our established portfolio of emerging stars, this listing will raise our profile and enable us to expand geographically whilst further strengthening our team to support our ambitious but realistic growth plans.”
For more information about Mercia Technologies, go to www.merciafund.co.uk