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Aquis Exchange shares gain ground in first day of trading on AIM

The company announced its IPO on June 11, saying it was aiming to raise around £32.1mln through a placing of around 4.46mln new shares and around 7.45mln existing shares
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The IPO proceeds will be invested in sales and marketing and software licensing

Shares in Aquis Exchange PLC (LON:AQX) have made good progress in their first day of trading on AIM.

In early morning trading Thursday, shares in the equity exchange operator were up 21.7% on the 269p placing price at 327.5p.

READ: Aquis Exchange to float on AIM as it announces IPO

The company announced its initial public offering (IPO) on June 11, saying it was aiming to raise around £32.1mln through a placing of around 4.46mln new shares and around 7.45mln existing shares.

At the time the company said that it had already conditionally raised £12mln pursuant to the placing and that the proceeds of the IPO would be used to increase investment in its sales and marketing division as well as accelerate software licensing capabilities.

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Aquis Exchange PLC Timeline

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