27 November 2007
The London Stock Exchange is delighted to welcome HipCricket to AIM.
HipCricket is a mobile marketing business whose technology allows its clients to interact directly and in real time with consumers via mobile telephone wireless data services.
The company currently operates in the USA where its core clients are broadcasters, primarily radio and television stations such as Clear Channel, Fox and NBC, as well as high profile brands such as Hershey’s and Staples.
The business was founded in 2004 and has grown rapidly in recent years. The current client base includes 144 radio and television stations plus a number of internationally recognised brand clients.
HipCricket has successfully raised £8.3m via a Placing at £2.62 per share, giving the Company a market capitalisation of £75.3m. The Placing will fund organic growth in the short to medium term and to provide access to the capital markets to finance current and future expansion in US markets. Collins Stewart is acting as both Nominated Adviser and Broker to HipCricket.
HipCricket (AIM: HIP)