StockMarketWire.com - LoopUp Group started trading on AIM today with a market capitalisation of approximately £40.8m, following a successful placing with institutional and private investors, raising total gross proceeds of £8.5m at a placing price of 100 pence.

Co-chief executive Steve Flavell said: "The completion of the IPO process marks an important and exciting milestone on LoopUp's journey as a UK-headquartered and internationally-minded technology company, and provides a significant catalyst for our continued growth.

"The reception from investors has been positive and encouraging, and reinforces our belief that our differentiated product, business model and plans for the future provide the foundation needed to deliver on our potential as a public company.

"Our focus will continue to be on delivering an exceptional product and service to our customers around the world, supported by the funds we've raised and emboldened by the faith our new shareholders have placed in us. These are exciting times."


At 9:45am: [LON:LOOP] share price was +110p at 110p



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