LONDON (Alliance News) - Oncimmune Holdings PLC shares slipped on their debut on London's AIM market on Wednesday, as unconditional dealings also started in Motorpoint Group PLC shares.
Oncimmune, an early cancer detection technology company, raised GBP11.0 million through the issue of shares at 130.00 pence per share. Its market capitalisation upon admission was around GBP66.3 million.
Shares in the company edged down in early dealings though, to 129.00p.
Oncimmune intends to use proceeds from the float to continue to develop its products, focused on auto-antibody tests which it said have the potential to detect cancer up to four years earlier than other methods, and can be applied to a "very wide range" of solid tumour types.
Meanwhile, unconditional dealings started on the London Main Market in shares of car dealer Motorpoint Group PLC. It floated last week, raising GBP100.0 million and starting life as a listed company with a GBP200.0 million market capitalisation.
Motorpoint shares were trading at 225.00p on Wednesday, 13% ahead of its 200.00p float price.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Motorpoint (MOTR)
Oncimmune (ONC)