London Stock Exchange today welcomes Fonix Mobile Plc (“Fonix”), a UK-based founder-led mobile payments and messaging company, to trading on AIM.

The Company has successfully raised £45 million for existing shareholders through a secondary placing, giving it a market capitalisation on Admission of £90 million. It will trade under the ticker FNX.
Fonix’s solutions enable businesses to charge users’ mobile bills and send users SMSs via their Carrier. 

Rob Weisz, Chief Executive of Fonix Mobile said:

“We are delighted to announced the proposed Admission to AIM of Fonix. Admission to AIM will help raise the profile of the Company as we look to deliver on our growth ambitions.

The Company has had a strong start to the current financial year. We continue to deliver on our growth strategy by driving up the number of transactions that occur on the platform and expanding on the content and services provided from both existing and new Clients.

We would like to thank our existing shareholders for their ongoing support and welcome our new shareholders at this exciting time for the Company.”

Advisers to the IPO include:

- finnCap Ltd, Nominated Adviser & Sole Broker

- K&L Gates LLP, Company Legal Counsel

- BDB Pitmans LLP, Broker Legal Counsel

- BDO LLP, Reporting Accountants

- UHY Hacker Young LLP, Auditors