Semnet IPO11 Nov 2024 19:57
I’m still intrigued by the October 15 RNS which mentioned semnet going for a Nasdaq listing and this quote from the RNS..
This includes TGC establishing a Cayman Islands-based holding company to manage Semnet's potential combination with other businesses, potential listing on NASDAQ and IPO-related expenses. Through this vehicle, TGC intends to raise up to US$15 million to facilitate a potential listing, in addition to any equity consideration for Semnet. Over the next three months, GST and TGC will work toward finalising a formal agreement, underscoring the importance of this partnership for both entities. Further updates will be announced as appropriate.
It mentions potential combinations with other businesses. I am intrigued to know the other companies that may be combined with Semnet into this IPO.
Good news is at the end of the paragraph it says over the next 3 months this will be formalised and we have nearly got one month out the way so we only have another 2 months to go 😃
How this share is at this price at the moment is ridiculous given the potential this has to go!