A new investment trust from Seraphim Capital offering exposure to early and growth stage space tech businesses is looking to raise £180m through its initial public offering (IPO).
Announced on 11 June, the IPO of the Seraphim Space Investment Trust is set to see the issue of up to 180 million ordinary shares at 100p per share, raising up to £180m in the process. The trust's investment objective is to generate capital growth over the long term through investment in a diversified international portfolio of space tech businesses. These businesses rely on space-based connectivity or precision, navigation and timing signals, or their technology or services are already addressing, originally derived from, or of potential benefit to the space sector. The new company i...
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