(Alliance News) - Saietta Group PLC plans to raise GBP37.5 million in its float on London's junior AIM market, a regulatory filing on Wednesday said.
The Oxfordshire-based electric motor developer is anticipating a GBP102.1 million market capitalisation on admission. It expects to list on July 7.
It first announced plans to float earlier in June. Saietta, founded in 2008, said its motors are intended to enable "mass market electrification of the global motorbike and lightweight vehicle market."
Canaccord Genuity is both its broker and nominated adviser.
By Eric Cunha; ericcunha@alliancenews.com
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