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."