Tekcapital investee Belluscura eyes raising GBP17.5 million in AIM IPO

(Alliance News) - Medical devices developer Belluscura PLC on Friday said it plans to raise ...

Alliance News 21 May, 2021 | 3:37PM
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(Alliance News) - Medical devices developer Belluscura PLC on Friday said it plans to raise GBP17.5 million in its AIM float.

The company expects its admission on London's junior market to occur on May 28. It targets a market capitalisation of GBP51.0 million.

London-based intellectual property investment firm Tekcapital PLC owns just over 15% of Belluscura.

Belluscura earlier in May said funds raised would be used to improve marketing, research new products and help secure US Food & Drug Administration product approval.

Tekcapital shares were 1.7% higher at 15.35 pence each in London on Friday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Tekcapital PLC 31.00 GBX -2.36 -

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