Smarttech247 set for stock market flotation at valuation of over £30m
The IT security company has opted to achieve its listing by a direct IPO, which allows it to list its shares without raising any money
Smarttech247, one of Ireland’s top IT security firms, is planning to list on the stock exchange next month at an estimated valuation of £34.5 million.
The company, which was founded in 2012 and is headquartered in Cork, had been in the middle of negotiating a reverse-takeover deal with Conduity Capital, which would have given it a listing on London’s alternative investment market (AIM).
However, last week it was announced that Smarttech247 had decided it would ...