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Quantum Base PLC made its debut on AIM on Friday after a successful placing and retail offer. Share dealings in the Lancashire, England-based quantum science company which specialises in authentication technology, commenced on AIM at 0800 BST. This follows the company successfully raising £4.8 million through a placing with institutional and other investors and a ‘significantly oversubscribed’ retail offer. Quantum Base said the proceeds would help accelerate the commercialisation of its quantum authentication solution. The fundraise saw the issue of 20.8 million ordinary shares at 23.1 pence each, valuing the company on admission at around £14.8 million. Quantum shares were trading at 23.38p each in London late Friday morning. The retail offer, which closed on Thursday, raised around £1 million. The company said that they are focused on creating a new global standard in authentication through its primary technology Quantum Identities which creates authentication tags that are intended to be non-replicable by utilising quantum randomness at the atomic level. These tags can be incorporated into a number of products according to the group, such as luxury goods, banknotes, tax stamps and pharmaceuticals, and they can be verified by scanning a smartphone. The advancement coincides with the growing integration of quantum security solutions into popular technologies, such as mobile authentication systems and eSIM. Chief Executive Chair of Quantum Tom Taylor said: ‘I am thrilled to commence trading on AIM today, marking a key step in our decade long journey from a Lancaster University spin-out to a British scientific success story. Floating on AIM gives us direct access to a large, sophisticated pool of investors, and provides further independence and credibility for our business. ‘The success of the fundraise is a strong endorsement of our mission to cement ourselves as the new global standard in authentication which, in the face of a growing counterfeiting problem, is more important than ever. The funds raised will enable us to further accelerate commercialisation and expand into new product lines.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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