Technology investment firm eyes float

Date: Thursday 25 Nov 2010

A new technology investment company is being launched by, Alexander Selegenev, the former head of corporate finance at Metropol (UK), an affiliate of Russian broker IFC Metropol.

TMT Investments plans to join AIM in the middle of December. It has not revealed the amount of money that it wants to raise but the issue price will be $1 a share.

Jersey-registered TMT wants to target technology businesses that are in growth markets and have the potential to be multinational. TMT plans to make at least three investments in the first 18 months of its quoted life.

Potential investee companies may be looking for cash to grow or to finance an acquisition. They may even be seeking pre-IPO finance. TMT expects to invest at least $250,000 in each private company and wants stakes big enough to block any corporate move it does not like. TMT will also seek board representation.

TMT will consider investments in quoted companies which have strong growth potential or dominant market share.

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