XL TechGroup set for £22.6m AIM launch:
This article was originally published in Clinica
The UK arm of US investment group XL TechGroup is preparing for its first day of trading on the London Stock Exchange's Alternative Investment Market. The share launch is scheduled for October 12, and the placing will raise £22.6m ($40.5m), valuing the company at £72.6m. The group has a number of diagnostics technology ventures in its pipeline, and is seeking further development opportunities in Europe. "The funds raised will place us in a strong position to establish and develop more new companies for our pipeline," said CEO John Scott.