jimmy b
- 05 Jan 2014 21:58
- 352 of 440
Don't like the sound of that .
dreamcatcher
- 05 Jan 2014 22:11
- 353 of 440
See how it opens in the morning, I'm not about until near market close. Good luck.
dreamcatcher
- 12 Jan 2014 15:52
- 355 of 440
CityFibre IPO: Telecoms firm to float in London
Liberum Capital and FinnCap appointed to lead £25 million fundraising
by Branimir Kondov,
Nov 26 2013, 10:18 GMT
CityFibre IPO: Telecoms firm to float in London
After trading lower for most of Thursday’s session in New York, the Gafisa share price ended the day higher.
iNVEZZ.com, Tuesday, November 26: CityFibre, a UK-based fibre-optic infrastructure business, is preparing to float on London’s AIM market which is expected to value the company at between £50 million and £55 million, the Times has reported.
The telecoms company, which claims to be “the largest provider of fibre infrastructure to the UK’s second tier cities” with a network of 30,000 km of cable covering 50 towns and cities across the UK, is looking to raise the stakes in its competition with BT for business in areas underserved by the nation’s telecoms companies. The debate around the digital divide in Britain has focused on users in rural areas but many consumers and businesses in second-tier cities also suffer from low broadband speeds and a reliance on BT to upgrade networks.
Get a share dealing account from Hargreaves Lansdown and trade shares from £5.95. HERE>>
According to The Telegraph, CityFibre “is believed to be about to begin a fundraising road show with potential investors to raise as much as £25 million ahead of a listing on the London Stock Exchange’s AIM”, the market for smaller, growing companies. It is understood that ahead of the initial public offering (IPO), the company has raised approximately £11 million from its board as well as private investors.
CityFibre was founded by Greg Mesch who has built up five companies from start-up enterprises over the past 25 years, including Irish alternative telecoms company ESAT and Versatel, which built a network in Germany, Belgium and the Netherlands. ESAT was sold to BT for €1 billion (£837.7 million) and Versatel was sold to Sweden’s Tele2 for €2 billion (£1.67 billion).
The company is backed by the private equity investor Jon Moulton, who will keep a substantial stake after the float. CityFibre’s founders, directors and staff own half of the company shares.
The Times noted that North American private equity funds had shown interest in CityFibre but the company’s “management believes a British listing will strengthen its hand in bidding for public sector contracts.”
CityFibre is targeting locations including York, Bournemouth and Peterborough by building dense metropolitan networks in cities across the UK, aiming to turn them into ‘gigabit’ cities by delivering download speeds of up to 1Gbps to homes and offices.
The most recent development was the signing of a contract with the Peterborough City Council on November 13 to transform Peterborough into a ‘gigabit’ city. CityFibre had previously announced that it was to invest £30 million into the city to create a fibre network. The first services will go live in summer 2014, and the network is due for completion by April 2015.
The company will offer a business broadband package with speeds of between 500Mbps and 1Gbps at a cost of £50 to £100 per month, while the consumer fibre-to-the-home (FTTH) broadband package will cost £25 to £50 a month for the same speeds.
CityFibre believes there are 100 such cities in Britain where it can expand to, that will cover roughly 10 percent of the population. The company hopes to build a credible third-placed infrastructure player that can compete with BT and Virgin Media.
dreamcatcher
- 12 Jan 2014 15:54
- 356 of 440
Expected first day of trading
CityFibre Infrastructure Holdings plc AIM 22/01/2014
dreamcatcher
- 13 Jan 2014 19:23
- 357 of 440
Hummingbird
- 13 Jan 2014 22:50
- 358 of 440
Re. CityFibre. Can anyone tell me where to access and to download the admission document. Thank you.
tyketto
- 23 Jan 2014 19:01
- 360 of 440
CITY AM. Today.
Hurricane Energy plans IPO on AIM in Febuary,
valuing the company at c.272mil.
mitzy
- 23 Jan 2014 20:20
- 361 of 440
Anyone know the epic for City Fibre infrastructure.
tyketto
- 24 Jan 2014 00:24
- 364 of 440
Hurricane energy plans to do ipo in feb.
tyketto
- 11 Feb 2014 17:09
- 365 of 440
Rated People plans to float later this year.
It has already raised £6.5m from a pre-initial PO.
Hopes to raise a further £5 to £10m.
dreamcatcher
- 20 Feb 2014 13:08
- 366 of 440
A mention in this weeks Shares of the IPO of Rosslyn Analytics - Tipped to float in the near future. They speculate it should be a big hit from day one on the market.
HARRYCAT
- 23 Feb 2014 10:17
- 367 of 440
Looks like Pets at Home are about to float. £275m is the target amount.
AO (Appliances Online) also about to float at a price between 235-285p. Book already covered.
http://ao.com/
dreamcatcher
- 18 Mar 2014 21:43
- 369 of 440
SafeCharge applies to join AIM
Tue, 18 March 2014
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SafeCharge, an online payments processor, has applied to float its shares on London's AIM market.
The company intends to raise $100m as part of its initial public offering.
The firm, which is 90% owned by Israeli entrepreneur Teddy Sagi, said net proceeds from the offer will be used to drive revenue growth, including acquisitions particularly in the Asia Pacific and the Americas.
No shares will be sold by existing shareholders or Chief Executive Officer David Avgi.
"We're very excited by the prospect of listing in London, which will improve the group's profile amongst prospective clients and should enable us to grow both organically and through acquisitions,” Avgi said.
In the year through December 2013, the group recorded turnover of $43.2m and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $11.3m.
dreamcatcher
- 05 Apr 2014 18:54
- 371 of 440
Rosslyn Data Technologies plc AIM 30/04/2014 TBC :-)) PDYOR
Location of address at which admission document will be available: The admission document containing full details about Rosslyn Data Technologies plc and the admission of ordinary shares will be available from the offices of the Company at 25 Eccleston Place, London, SW1W 9NF.
Rosslyn Data Technologies Limited was incorporated on 7 February 2014 and has been established as the new holding company of Rosslyn Analytics Limited and its subsidiary, Rosslyn Analytics, Inc (together the "Group" or "Rosslyn"). Founded in 2005, with headquarters in London and offices in both New York and Colorado, USA Rosslyn is focused on serving the global business intelligence marketplace in relation to the Big Data challenge. Business intelligence aims to improve business insight to support better decision-making by increasing the quality, reliability and visibility of information available to management. Rosslyn provides analytical services to its clients by combining four key technologies: data extraction; cleansing; enrichment; and visualisation through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's proprietary RAPid platform delivers cloud technology to customers and is the Group's primary product available to its customers. The Group's main country of operation is the UK.