Tech start-up Inteliqo Limited (AQSE: IQO) debuted on the Aquis Exchange PLC (AIM:AQX) today with an anticipated market capitalisation of approximately £2.8mln.
The tech company, which provides sales and marketing services, said it has 112.5 million ordinary shares in issue and will start trading under the ticker IQO.
Its listing follows a placing of 2.37 million ordinary shares at a price of £0.025 per share, which raised total proceeds of £59,250.
Gross proceeds from the fundraising and the issue of existing shares is £832,250 before expenses, the company said.
Inteliqo has struck its first long-term distribution agreement with Ipedia to sell and market the Ipedia iQ smart translation earphone product range.