News Column

Auctus Growth Raises GBP1.2 Million In London IPO

August 22, 2014

Sam Unsted

LONDON (Alliance News) - Auctus Growth PLC Friday said it raised GBP1.2 million from its initial public offering in London as it gears up to make its first acquisition.

The company said it raised GBP1.2 million after the placing of 2.4 million shares.

The group has been created in order to undertake an acquisition of a target company or business, with no restrictions on the sector or geography of the target, it said in a statement.

The board of Auctus includes Malcolm Burne, a stockbroking industry veteran and founder of Ambrian Capital PLC, and Charlie Cannon-Brookes, investment director at Arlington Group Asset Management Ltd. Those two are both founders of the firm, alongside Richard Lockwood, a director with Arlington Group.

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Source: Alliance News

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