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Attraqt Group

  • BY: Andrew Hore |
  • POSTED: 19/08/2014 |

Attraqt Group has joined Aim and gone to a 7% premium to its placing price.

Attraqt is a cloud-based merchandising software provider that raised 1.25m at 50p a share. The shares ended the first day of trading at 53.5p.

The flotation cost around 450,000 so there was 800,000 left for the company. The company raised 1.19m over the previous three years and there was 261,000 left at the end of 2013. There was a 479,000 cash outflow in 2013 and there will be additional investment in the US as well as product development.

Revenues have grown steadily from 1.18m to 1.58m over the three years to 2013 but the company is still loss-making.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2014_59.pdf

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