OCZ chips in with gains on AIM debut

Date: Wednesday 21 Jun 2006

California-based OCZ Technology began trading at a 19% premium to its issue price when the computer components maker listed on London’s AIM today.

OCZ, whose high-performance components increase the speed and reliability of computers for the commercial and retail markets, raised £4.9m from a placing at 65p, valuing the firm at £27.2m.

The company focuses on products for the high-performance and consumer memory sectors, computer power supply units and portable memory storage (flash).

Chief executive Ryan Petersen said, “The new money will enable us to eliminate high cost of financing, significantly improve our purchasing and inventory economies and provide working capital to finance our rapid international growth.”

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