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…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?