RE: Overhang Gone20 Jun 2025 20:56
Found an article on SWC's rise
The Smarter Web Company has joined the ranks of the most valuable listed businesses in Britain after the firm’s stock rocketed in a matter of days.
The Aquis-listed firm now has a market cap of £720m, after having more than tripled in the past week.
That means it would now comfortably rank in the middle of the FTSE 250, ahead of established finance groups such as Close Brothers, Jupiter Fund Management and Paypoint.
Smarter Web Company last week raised £29.3m in a new share offer, with £1.5m raised via a subscription and £27.8m via an accelerated bookbuild with institutional investors, with an offer price of 180p.
Just looked at the trades on SWC today,big ,big numbers.
Food for thought,..the rise is astronomical once the MCap hits that magic number where Institutions show an interest in investing.
PR1 could follow the same pathway.