By editorial@silicon.com, 13 November 2000 15:13
NEWS Exhibition technology specialist Expocentric has raised £31.5m from placing shares with institutional investors ahead of a listing on the London Stock Exchange on Wednesday. Expocentric hopes to be valued at £112.2m upon flotation, making a paper millionaire of founder Stephen Moore, who holds a 20 per cent stake in the company he started in September 1999. Comeleon, which specialises in creating custom mobile-phone covers, is seeking a listing on the Alternative Investment Market to raise a minimum of £7m. The company is expected to gain a market-capitalisation of between £20m and £25m. Mission Testing, a specialists in testing electronic systems, is planning a £10m AIM listing in December, bringing the company's capitalisation to £40m. The 25per cent of stock being offered is to raise funds for expansion into continental Europe and the US as well as consolidating market-position domestically and accelerating growth. All three companies, who have bucked the trend of recent high profile postponements, will be monitored closely as analysts and investors await a turnaround in the fortunes of tech stocks. By Nik Hole
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