Research and consultancy services provider IQ Research plans to move from Plus to Aim.
North London-based IQ focuses on the financial services sector. It wants to raise £850,000 at 2p a share which is less than the current Plus market price. That should value the company at £1.6m. IQ is loss-making and floated on Plus/Ofex in 2005 at 8.5p a share.
Some of the cash will go on the purchase of Rosslyn Research. IQ is paying £400,000 cash and £200,000 in shares for the business which is making a profit of around £100,000 a year.
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