01/06/2012 The London Stock Exchange welcomes WANdisco plc to AIM
The London Stock Exchange is delighted to welcome WANdisco plc – a leading provider of global collaboration software to the software development industry – to the AIM market this morning, 1 June 2012. WANdisco’s shares will commence trading on AIM at 08.00 under the trading symbol “WAND.”
WANdisco joins AIM with a market capitalisation of £37m following the completion of a successful Placing process, raising approximately £15m in gross proceeds for the Group.
From its headquarters in Sheffield, WANdisco’s differentiated patent-pending technology provides a cost-effective solution to the problems faced by organisations with globally distributed software engineering teams. With over 200 customers globally, including AT&T, Aviva, Barclays, Hewlett Packard, Honda, Intel, John Deere, Johnson & Johnson, Juniper Networks, Motorola, NCR, Nokia, NTT and Wal-Mart, the Group’s success to date has allowed it to grow organically without any venture capital, angel investors or private equity funding.
Commenting on the Group’s admission to AIM David Richards, Chairman and Chief Executive Officer of WANdisco commented:
“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.”
Panmure Gordon (UK) Limited acted as Nominated Adviser and Broker to the Group.