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.
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