Microlise listing on stock exchange to fund future growth gets off to a flying start


 

Telematics market leader Microlise became a PLC when it listed on the London Stock Exchange’s AIM at 8am on 22 July. The privately-owned group sold £61.2m of shares to investors at 135p per share, valuing the company at £156.5m. The shares opened at 137.5p and quickly rose to 146.5p in early trading. Microlise was founded in 1982 and was bought by a management team led by CEO Nadeem Raza, pictured, in 2008. The decision to list on AIM is intended to support […]