Arria NLG, a software spin-out of the University of Aberdeen, has set the date for its floatation on the Alternative Investment Market (AIM).

Previously reported as by the end of November, the company will now begin its initial public offering on Thursday this week, which should value the company at £102.3m ($167.45m).

Aberdeen still maintains a 5% stake in the automated writing developer, which includes UK weather services the Metoffice amongst its customers, while its four founding members retain a…

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