Durham University spin-out Applied Graphene Materials (AGM) has secured £11m ($17.7m) following its floatation on the Alternative Investment Market through the placing of seven million ordinary shares.
AGM’s initial price of 155p per share rose sharply during its first day of trading to 216p, valuing at the company at over £36m.
The firm plans to use the funding to expand its commercial scale facility’s capacity for the production of graphene from one tonne to eight within 18 months. The move…
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Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
