Rightster the cloud based video business that was setup by Charlie Muirhead has become one of the latest businesses to persue growth by joining London’s Alternative Investment Market raising £20.4 million in the process.
The company that has its HQ in London has said that it will use the funds raised by its flotation to add content owners and publishers to its service as well as engaging in bolt-on acquisitions.
CEO of Rightster Charlie Muirhead has said ‘We expect our growth to come from our focused investment in technology, and we are also in early discussions with a number of possible acquisitions that would accelerate growth through new clients, footprint, expertise and faster monetisation.’ Read More
In other AIM Market news last week we saw GameAccount Network, the online gaming system and software provider unveiling its plans to float in an IPO The firm didn’t announce how many shares it would be placing but in a statement it did say that it was looking to raise up to £15 million
Last week also saw the company ‘Western Areas Ltd’ announce its proposal to launch its Finnish exploration assets into the AIM listed company ‘Centurion Resources PLC, which upon completion of the transaction will be known as ‘FinnAust Mining Plc’. The proposal if granted approval at next weeks General Meeting will constitute a reverse takeover under AIM rules and admission to AIM is expected around the beginning of December.
Western Areas Managing Director, Dan Lougher, said the Company was pleased to deliver on its stated objective of listing its Finnish assets on the London AIM market.
“We believe our shareholders will be pleased to maintain exposure to the exciting drill targets we’ve identified for high grade copper and nickel in Finland.” Read More
Following up on fund-raising it has previously secured over the last 18 months mobile e-commerce start-up MoPowered announced last week that it was …Read More
The average number of daily shares traded in AIM company shares has exceeded 1 million for the first time in AIM’s 17 year …Read More