Forward Partners announces proposed admission to trading on AIM

Issue of shares raises £36.5m

Forward Partners, a London-based venture capital firm that focuses on high-growth, early-stage technology businesses, has proposed admission to trading on the AIM, with a placing of 34,749,490 shares of 1p each, at a price of 100p per share.

In addition, the company also made a separate offer through the PrimaryBid platform. Applications for a total of 1,750,510 new shares of 1p each at the placing price have been obtained. The listing was oversubscribed according to the company, and the combined issue will raise £36.5m. Private equity firm AnaCap completes Novia acquisition "It is fantastic to see the strong demand from both institutional and retail investors, who support our vision of democratising access to venture capital, and specifically high growth, UK based technology start-ups," said Nic Brisbourne, chief exec...