Queen Mary University of London spin-out Actual Experience is admitted to Aim.

Actual Experience, an analytics spin-out of Queen Mary University of London, has been admitted to Aim market (formerly the Alternative Investment Market) of the London Stock Exchange.

Actual has issued 28,619,350 ordinary shares at an introduction price of 54.5 pence per share, giving the company a market capitalisation of around £15.6m.

Prior to its initial public offering, the UK-based company held a venture round last November for £4m which was led by commercialisation firm the IP Group, giving the firm a stake of 29.9%.

Actual, launched in 2009, hopes that the floatation will raise the profile of the company, help it to attract and retain high calibre employees, and increase its access to capital to fuel growth of the firm.