- Software investment business KRM22 booked a maiden first-half loss of £1.4m following its £10.3m IPO in May.

The company subsequently made its first investment: a 60% stake in market surveillance technology company Irisium.

It had cash and cash equivalents at 30 June of £6.9m.

'It has been just a few months since our IPO, but in that short time we have achieved a great deal,' executive chairman Keith Todd said.

'We have secured our first investment and have wasted no time in building out the early foundations of what, we believe, will be the new standard in risk management for capital markets.'

At 2:01pm: [LON:KRM] Krm22 Plc Ord 10p share price was -5p at 145p

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