LONDON, 18 December 2012 – Panmure Gordon & Co., a leading independent institutional stockbroker and investment bank, is pleased to announce it has acted as Nominated Adviser and sole broker to Fusionex plc (AIM: FXI) on its £64m Initial Public Offering, which debuted this morning. The IPO is Panmure Gordon’s fourth in 2012.
Malaysia-based Fusionex specialises in software products and solutions delivery alongside management and consulting services. The company raised £12m at IPO by placing 7.6m shares at £1.50 per share. The IPO was 3x oversubscribed.
Panmure Gordon chief executive, Phillip Wale, commented: “We are delighted to have connected another dynamic, innovative company with the capital required to help grow its business. Fusionex is our fourth IPO this year and our second technology IPO. Our Singapore office was an important regionally-based support for the IPO process.
“Fusionex’s decision to list in London is a testament to AIM’s attractiveness to growth companies and the UK investment community’s interest in well-managed, profitable, growth stories,” Mr Wale said.