IPO: B2B Services Exchange Blur Group To List On LSE AIM

We knew it was potentially in the cards (see background) but now an IPO for the B2B Services Exchange, Blur Group, has become a reality: The company today announced that it's to begin trading on LSE AIM this Friday. It will consist of a placing of 4,878,049 new ordinary shares at a price of 82 pence ($1.33) per share, raising gross placing proceeds of $6.48 million (?4 million). This will give Blur Group a market cap of approximately $32.6 million (?20.1 million) based on the placing price for the entire issued and to be issued share capital of the company.

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