The AIM is considered a halfway house to a main stock market listing for small and growing companies. Under British regulations, Polyfuel cannot talk widely about its IPO plans. However, the company is reportedly hoping to raise 12 million ($21.8 million) from the offering, which will bring its value to 40 million ($72.8 million). "
Friday, June 10, 2005
Polyfuel confirms plans to go public
"Polyfuel, a Mountain View, California-based fuel cell company, on Thursday confirmed reports that it plans to go public this month on the Alternative Investment Market of the London Stock Exchange.
The AIM is considered a halfway house to a main stock market listing for small and growing companies. Under British regulations, Polyfuel cannot talk widely about its IPO plans. However, the company is reportedly hoping to raise 12 million ($21.8 million) from the offering, which will bring its value to 40 million ($72.8 million). "
The AIM is considered a halfway house to a main stock market listing for small and growing companies. Under British regulations, Polyfuel cannot talk widely about its IPO plans. However, the company is reportedly hoping to raise 12 million ($21.8 million) from the offering, which will bring its value to 40 million ($72.8 million). "
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