We’re delighted to have helped Tan Delta Systems plc with its IPO and admission to AIM, providing our IPO Research Online platform (IPORO) services.
The IPO raised £6m of EIS/VCT qualifying shares, achieving a market cap of £19 million. A further £0.6m was raised through a placing and separate retail offer, while the oversubscribed primary raise attracted strong support from institutional shareholders.
Tan Delta’s IPO kick-starts the next phase of its growth strategy as a market leading, real-time equipment monitoring and data analytics business, with proceeds from the primary raise supporting the company’s growth and expansion plans.
Thank you both to Tan Delta Systems and to Zeus Capital for working with us and wishing the company every sucess for the future.
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