InternetQ woos Scots investors prior to flotation
The Greek firm is looking for between 10 million and 12m as it seeks a listing on the Alternative Investment Market (AIM). It said the funds would boost its market capital to more than 40m and would be used to invest in network technology equipment. The group, which includes Vodafone, Orange and Sony Ericsson among its customers, has operations in Europe, South Africa, Latin America and the Middle East, and wants to expand further.
Machine-gun manufacturer Manroy Systems has also announced plans to float on AIM. The company, which makes the heavy machine-guns for the UK armed forces, is preparing to tap investors for up to 6m.
As part of the deal, Manroy will acquire Hurlingham plc, which is set to make an application to rejoin the junior market. The company's name will be changed to Manroy once it is trading on the AIM.