Waterlogic floats on London Stock Exchange

Waterlogic is to start trading on London’s Alternative Investment Market (AIM), a market of the London Stock Exchange. The company is expected to have a market value of just over £112m when its shares begin trading later in July.

Waterlogic expects to raise gross proceeds of £41m in aggregate by way of a placing of 33,427,588 Ordinary Shares to institutional investors at £1.45 per share.

The company intends to use the proceeds of the Placing to fund future acquisitions of companies, businesses and distributors, as well as its Firewall UV technology, and expand its manufacturing facilities and invest in additional systems and infrastructure.

Leave a Reply