London Stock Exchange today welcomes NetScientific to its leading growth market, AIM. The company, a developer of biomedical and healthcare technology with a focus on the UK and US, has raised £30 million on admission, valuing the company at £57 million.
NetScientific is the 20th technology firm to admit to London Stock Exchange’s UK markets so far in 2013, and has brought the total amount of new capital raised by technology companies this year to £668 million. Both the number of new technology companies and the amount of new capital raised by them on London’s markets are at their highest level since 2007.
To mark the company’s admission to AIM, Farad Azima, Founder and CEO of NetScientific, joined Marcus Stuttard, Head of AIM, to open trading on the UK markets in a ceremony at London Stock Exchange this morning.
Marcus Stuttard, Head of AIM, said:
“The UK is a world leader in science and technology, so I am delighted to welcome NetScientific today, the 20th technology company this year to admit to London Stock Exchange’s markets. This resurgence in tech firms using our markets to gain access to long term, sustainable equity funding is exciting, and reinforces London’s position as a global leader in supporting ambitious growth businesses. These companies are the lifeblood of economic growth, job creation and scientific advancement, and we look forward to continuing to play our role in fostering their success.”