News Feed Item
Allied Minds plc Announces Completion of its Initial Public Offering and Admission to the London Stock Exchange
|By Business Wire
|July 24, 2014 12:01 PM EDT
Allied Minds plc (LSE: ALM) today announced that its entire issued
ordinary share capital of 213,290,579 ordinary shares was recently
admitted to the premium listing segment of the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's Main
Market for listed securities under the ticker "ALM" (ISIN: GB00BLRLH124).
The admission followed the successful pricing of its initial public
offering at 190 pence per ordinary share, which provided the Company
with a total market capitalization of approximately £405.3 million
($691.1 million), based on the per share price at the commencement of
conditional dealings on June 20, 2014. The Company sold 44,254,411 new
ordinary shares in the offering, plus 3,791,154 new ordinary shares
pursuant to an over-allotment option, and selling shareholders sold
17,440,797 existing ordinary shares, resulting in total gross proceeds
raised in the offering of approximately £124.4 million ($212.2 million).
Jefferies International Limited acted as sole sponsor and bookrunner.
Chris Silva, the Chief Executive Officer, said, “The successful
completion of this initial public offering marks the beginning of an
exciting new phase of growth and opportunity for Allied Minds and our
diversified portfolio of 18 businesses. We are pleased with the positive
response that we received from investors to this IPO, and look forward
to enhancing and accelerating our efforts to commercialize the
innovative science and technologies from our extensive network of
partners at U.S. universities and government research institutions.”
About Allied Minds
Allied Minds is an innovative U.S.-focused science and technology
development and commercialization company. The Company commenced
operations in 2006 to invest in and advance science and technology
innovation developed in some of the leading U.S. universities. The
Company’s business model is to form, fund, manage and build start-up
companies to undertake research and product development, and ultimately
to commercialize scientific research and innovations emerging from U.S.
universities and U.S. federal research institutions and laboratories.
Allied Minds' strategy is to build a significant and diversified group
of businesses and achieve strong growth over the medium to long term
through the maturation of its products through the commercialization
cycle. The Company’s business model centralizes the support functions at
the Allied Minds level, thereby enabling its subsidiary businesses to
focus efforts primarily on research and development activity while
achieving operational and financial efficiency. Allied Minds provides
on-going funding to support the operating activities of its existing 18
subsidiary businesses, the primary focus of which is to progress
on-going scientific research and product development activity towards
commercialization of the products developed by those businesses. The
Company currently anticipates allocating a portion of the net proceeds
of the offering, together with existing cash resources, towards
advancing the Company’s principal life sciences and physical sciences
subsidiaries and bringing their principal products to market.
The Company believes that the offering will: provide diversification of
funding sources to support its long-term growth; enhance its public
profile and status with existing and potential partners; create a
significantly more liquid market in the ordinary shares; assist in the
incentivization and retention of key management and employees; and
provide investors with an opportunity to gain exposure to early stage
U.S. university and U.S. federal government intellectual property
Forward looking statements
This press release contains statements that are or may be
forward-looking statements, including statements that relate to the
company’s future prospects, developments and strategies. The forward
looking statements are based on current expectations and are subject to
known and unknown risks and uncertainties that could cause actual
results, performance and achievements to differ materially from current
expectations, including, but not limited to, those risk and
uncertainties described in the risk factors included in the company’s
regulatory filings. These forward-looking statements are based on
assumptions regarding the present and future business strategies of the
company and the environment in which it will operate in the future. Each
forward-looking statement speaks only as at the date of this press
release. Except as required by law, regulatory requirement, the
Prospectus Rules, the Listing Rules and the Disclosure and Transparency
Rules, neither the company nor any other party intends to update or
revise these forward-looking statements, whether as a result of new
information, future events or otherwise.
This press release is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Company in any
jurisdiction, including in the United States, Australia, Canada, Japan,
South Africa or any other jurisdiction where such an offer would be
The securities of the Company have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities Act")
and may not be offered or sold within the United States absent
registration or an applicable exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act. The
securities referred to herein have not been registered under the
applicable securities laws of Australia, Canada, Japan or South Africa
and, subject to certain exceptions, may not be offered or sold within
Australia, Canada, Japan or South Africa or to any national, resident or
citizen of Australia, Canada, Japan or South Africa. The distribution of
this press release in other jurisdictions may be restricted by law and
persons into whose possession this press release comes should inform
themselves about, and observe, such restrictions.
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 26, 2016 12:00 PM EDT Reads: 2,763
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud.
In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Sep. 26, 2016 12:00 PM EDT Reads: 1,367
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical.
In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, showed how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningful f...
Sep. 26, 2016 11:45 AM EDT Reads: 2,354
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open.
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 26, 2016 11:30 AM EDT Reads: 2,532
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 26, 2016 11:30 AM EDT Reads: 986
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 26, 2016 11:30 AM EDT Reads: 2,559
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not.
In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 11:30 AM EDT Reads: 1,987
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom.
China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 26, 2016 11:15 AM EDT Reads: 1,728
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA.
Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 26, 2016 11:15 AM EDT Reads: 2,862
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 11:06 AM EDT Reads: 103
I’m going to cry tonight, long and hard. I’ll do so as I remember and mourn Jeremy Geelan.
I knew Jeremy for almost 20 years, from the time he showed up one day at Cloud Expo’s headquarters in Bergen County, New Jersey, and went to work. The show wasn’t called Cloud Expo then, of course – it was still known as Java Edge, a pioneering event that grabbed developers, architects, and enterprise IT users alike for twice-yearly confabs.
Jeremy didn’t have a job there, or even a job offer. He was s...
Sep. 26, 2016 11:00 AM EDT Reads: 3,716
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself.
Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive.
In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
Sep. 26, 2016 11:00 AM EDT Reads: 986
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here
In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Sep. 26, 2016 10:45 AM EDT Reads: 2,232
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 26, 2016 10:45 AM EDT Reads: 3,241
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 26, 2016 10:45 AM EDT Reads: 2,605