In the same week that Avid was granted approval to list its common stock on The NASDAQ Stock Market (trading under the ticker, AVID), Focusrite Plc has announced its own flotation on the London Stock Exchange’s AIM market.
The move follows a successful vendor placing by Panmure Gordon (UK) Limited (the Nominated Adviser and Broker) raising £22.4 million (before expenses) (the Placing) from institutional investors at a price of 126 pence per share (the Placing Price).
Trading of Focusrite’s ordinary shares takes place under the ticker symbol TUNE and the ISIN number GB00BSBMW716.
‘This is a momentous day for Focusrite and I’m delighted that we’ve been able to successfully complete our flotation,’ says Phil Dudderidge, Executive Chairman of Focusrite. ‘We look forward to rewarding both our new and existing shareholders with continued growth in revenue and profits, and increasing our market share.’
More: www.focusrite.com
