LONDON, 2 June 2012 – Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as Nominated Adviser and sole broker on the IPO of WANdisco Plc (WAND.L), raising £15m.
At a placing price of 180p per ordinary share, the market capitalisation of the company at admission yesterday was £37m.
WANdisco is a provider of global collaborative software to the software development industry.
Chairman of investment banking at Panmure Gordon, Tim Linacre, commented: “Panmure Gordon is delighted to have acted for WANdisco on its IPO, which was supported strongly by institutions.
“This is Panmure Gordon’s second successful IPO for its clients in as many months. While markets remain challenging, these IPOs show investors are still keen for quality companies to come to London’s AIM market with excellent business models and strong management teams.”