Horizon Discovery restarts efforts towards US offering

(Sharecast News) - Horizon Discovery Group updated the market on its plans for a public offering in the United States on Wednesday, confirming it was restarting its efforts to go ahead with one.
The AIM-traded firm had previously been contemplating an offering of American depositary shares, but put the plans on ice as a result of the investment uncertainty being created by the Covid-19 pandemic.

On Wednesday, it said it was recommencing its efforts towards an initial US public offering.

"[This announcement] does not constitute an offer to sell or the solicitation of an offer to buy securities," the board cautioned in its statement, in accordance with US securities regulations.

At 1603 BST, shares in Horizon Discovery Group were up 1.4% at 109p.