• Graphene company raises £6.6m
• Third graphene company to float on AIM in 13 months
• Company valued at £23m
• 12th technology IPO this year
London Stock Exchange today welcomed Haydale Graphene Industries (Haydale) to AIM, the market for smaller, high growth businesses. The company successfully raised £6.6m at IPO, valuing the business at £23.62m.
Haydale is the third graphene business to float on AIM, joining Applied Graphene Materials (November 2013) and Graphene Nanochem (March 2013). The company, which is focused on enabling technology for the commercialisation of graphene, is the 12th technology business to float on London Stock Exchange this year. To date in 2014, tech companies have raised £1.7 billion through London IPOs.
Alastair Walmsley, Head of Primary Markets, London Stock Exchange Group, said:
"Providing a venue where British companies, working at the forefront of scientific development, can raise long term growth finance is one of AIM's core functions, which is why we are delighted to welcome Haydale to open trading this morning. As the 12th technology listing of 2014, it demonstrates the London market is open to supporting highly innovative, growth focused businesses."
John Knowles, Chairman of Haydale Graphene Industries said:
"We are immensely pleased to be joining AIM at this point as we feel that the flexibility and funding that a listing provides will allow us to bring forward the commercialisation of graphene and start to fulfil the potential of this exciting material."