main listing????22 Apr 2015 20:32
whoa there ! did i feck spot that !
ive emailed Ross but has anyone has a response re this?
main listing fecked off and AIM??
that goes against their previous emails !
Firstly you are correct, Auctus is listed on the main market of the
London Stock Exchange as a standard listing. We incorporated the company
during May this year and have spent the past four months raising funds
and working with the listing authority (FCA) in the build up to the IPO
on 22 August 2014. As it stands Auctus is a cash shell funded with GBP
1.22m as at the date of the IPO (of which GBP 250k was invested by the
Auctus founders).
The plan going forward is to seek out an attractive private company or
business which the board view as a high quality growth opportunity. In
terms of the type of opportunity Auctus is not limited to any sector nor
does it have any have any geographic constraints which gives the board
flexibility in deal selection. Once the target has been selected Auctus
will likely conduct a reverse takeover transaction.
and
Thanks Ross, very interesting - so the RTO (like VIY recently did) means
that a company can get onto the main listing at a fraction of the cost
as we are already on there.
The cost / speed to market is certainly a factor, also the listing
process isn't entirely straightforward so we've removed the headache of
understanding the process, dealing with the regulator, sourcing service
providers & negotiating fees for those services etc.
I hope this helps and feel free to email anytime.
Kind regards
Ross