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Pathos Communications PLC on Tuesday began trading on London’s AIM, after raising £5.6 million in its initial public offering. The PR company said it completed the fundraising through the placing of new and existing shares at 30 pence each, with 16.7 million new ordinary shares raising approximately £5.0 million for the company, and 2.0 million existing ordinary shares raising approximately 600,000 for the selling shareholder. This gave the company a market capitalisation of around £20 million on admission. Pathos was founded in 2019 by Omar Hamdi, who is also the current chief executive. It set up an operational hub in the United Arab Emirates in 2021, re-domiciling to Dubai’s special economic zone in 2024, though it still has a London office. The agency’s main clients are small to medium-sized businesses, for which it aims ‘to democratise access to premium media outlets’. The company said on Tuesday that it expects to use the net proceeds of the placing to expand the company’s sales and team, develop its AI-based technology products and support entry into new geographies. ‘Since our inception in 2019, we have delivered substantial and sustained growth, but we are still early in our journey. Admission to AIM will provide us with an enhanced platform, expanded resources, and increased market visibility to accelerate this momentum, strengthening our offering and supporting the next phase of growth,’ said CEO Hamdi. With 22 IPOs recorded on London’s AIM and AQSE markets this year so far, Pathos’ initial public offering comes towards the end of a relatively quiet year for new listings in London. Trading under the ticker ‘NEWS’, shares in Pathos rose 5.0% to 31.50 p on Tuesday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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