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Connecting Excellence Group PLC made its market debut on Thursday after raising £3.3 million in an oversubscribed initial public offering on the Aquis Growth Market. The Leeds-based international executive recruitment firm with a bitcoin treasury policy said trading in its shares began under the ticker XCE. Connecting Excellence placed and subscribed 133.3 million new shares at 2.1 pence each, raising £2.8 million from institutional and other investors. A separate WRAP retail offer brought in £500,000. Both offers were ‘significantly oversubscribed’, the company said. Based on the placing price, Connecting Excellence said it has a market capitalisation of about £8 million at admission. Chief Executive Officer Scott Ellam said the float marks ‘an important stage’ in the group’s development. ‘XCE is a first mover at the intersection of international executive recruitment and corporate bitcoin adoption, and we believe we are well placed to deliver long-term value for our shareholders,’ he said. Shares in Connecting Excellence were quoted at 2.65 pence each on the Aquis Stock Exchange in London on Wednesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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