Tekcapital portfolio firm Guident registers to list on Nasdaq in US

(Alliance News) - Tekcapital PLC on Thursday said its Boca Raton, Florida-based portfolio firm Guident Corp has proposed an initial public offering on the Nasdaq Stock Market in the US.

Tekcapital, a London-based intellectual property investment group, said: "The number of shares of common stock to be sold and the price range for the proposed IPO have not yet been determined. Guident Corp intends to commence the sale of its securities in the IPO following completion of the Securities & Exchange Commission review process, subject to market and other conditions. At this stage there can be no certainty of the total IPO proceeds. Further announcements will be made, as required, in due course."

Tekcapital owns 70% of Guident.

Back in August, Tekcapital noted that Guident had achieved a certification considered "the world's premier standard" for information security management.

The ISO/IEC 27001:2022 certification confirms that Guident has established and maintained a comprehensive information security management system.

Tekcapital shares jumped 21% to 8.50 pence each late Thursday morning in London.

By Tom Budszus, Alliance News slot editor

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