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Date: Monday 21 Apr 2008
LONDON (ShareCast) - Longships, which invests in unquoted businesses seeking a public quotation, started trading on AIM this morning.
The company raised £0.4m prior to the placing and £3m before expenses under the placing, resulting in total gross cash before expenses of £3.4m.
Shares are currently trading above the 20p issue price at 22.50p each.
Grant Thornton Corporate Finance has been appointed as nominated adviser, while Simple Investments has acted as broker.