Admission to AIM and First Day of Dealings
On 29th June Ethernity Networks was admitted to AIM and a ceremony was held at the London Stock Exchange to mark the occasion. Speeches were heard from Marcus Stuttard, Head of AIM at the LSE; His Excellency, Mark Regev, the Israeli Ambassador to the UK and David Levi, CEO of Ethernity Networks.
David Levi, Chief Executive Officer of Ethernity Networks, said:
“The fundraising and AIM listing is a major moment for Ethernity that will put the business on a greater trajectory and address an exponentially growing market. We have game changing technology that major global network operators are demanding and the listing will enhance Ethernity’s profile and strengthen our balance sheet.”
Commenting, Nikhil Rathi, Chief Executive Officer, London Stock Exchange plc & Director of International Development said:
“London Stock Exchange is delighted to welcome the successful listing of Israeli tech company Ethernity Networks to AIM. As the world’s most international and diverse market, we are well positioned to support innovative and high growth companies from around the world to access deep pools of equity capital to fund their future development.”
The London Stock Exchange welcomed Ethernity Networks to AIM and the LSE report noted the significantly oversubscribed placing!
Responding to Ethernity’s admission, later that day Forbes wrote Ethernity Networks’ London Stock Exchange Placing Puts $58M Value On Tech “Game Changer” and Light Reading’s Ray le Maistre wrote about the company in Ethernity Raises £15M From London IPO.