On May 12, Asia theme park ticketing specialist Galasys kicked off its life on London’s AIM Stock Exchange after raising £3.1m ($5.2m) through a placing.
Shares rose to 24.5p in early dealings, valuing the software group at just over £16m ($27m).
The cash will fund expansion into new markets, development of new products and services and working capital.
Sean Seah, chief executive, said: “I believe that, given the rising affluence and economic growth in Asia, we are well placed to capitalise on our current leading market position in the key lifestyle segment of amusement and theme parks in Asia.”
(Source: http://www.interpark.co.uk/news/Galasys-lists-on-AIM/3650-19-&cb=0, 15 May 2014)
