IntelliAM went public today at a valuation of 17.9m on the Aquis Exchange Share Talk [Video]

The former chief executive of Wandisco has re-entered the stock market with the listing of Yorkshire software company IntelliAM. IntelliAM went public today on the Aquis Exchange with a valuation of £17.9m, marking the return of David Richards, its chairman, following his dramatic exit from Wandisco last year.

IntelliAM AI plc (AQSE: INT), the software company leveraging the power of AI and machine learning in the manufacturing industry, is pleased to announce that dealings in its Ordinary Shares of £0.005 each (Ordinary Shares) will commence from 8:00 am today, 3 July 2024, on the Aquis Stock Exchange Growth Market under the ticker symbol INT and ISIN number –GB00BR56LJ77.

On Admission, and following a Placing that raised gross proceeds of £5,079,989, the Company will have 16,382,534 Ordinary Shares in issue and the market capitalisation of the Company will be approximately 

£15,399,582. Tomorrow, Thursday 4 July, the Company will complete the acquisition of 53 North and issue 2,759,042 Consideration Shares. Therefore, …