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22 May 2019 | 09:37

Induction Healthcare makes stock market debut

Healthcare technology company Induction Healthcare made its debut on the London Stock Exchange trading under the ticker 'INHC.L'. Upon admission, the company would have a market capitalisation of approximately £34.1m. The company would receive gross proceeds of approximately £14.6m pursuant to the placing after raising approximately £2.0m in gross proceeds in its pre-IPO fund raising round. 'The additional funding accelerate our growth plans by adding and acquiring new features and functionality to the service we provide and expanding into selective new geographies,' the company said. The total of 29,626,201 shares had been admitted to trading on AIM under the ticker 'INHC.L'. 'Today marks an important step in a new chapter as we embark on the next stage of Induction's growth strategy. We are pleased with the response of our new and existing shareholders and thank them for their confidence and support,' said Ibraheem (Ibs) Mahmood.

At 9:37am: (LON:INHC) share price was +118.5p at 118.5p

Story provided by StockMarketWire.com
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