Leeds spin-out Xeros intends to take near-waterless washing machine technology to AIM.
Xeros, a spin-out of Leeds University, is looking to raise £30m-£40m ($50m-$67m) in an initial public offering (IPO) on London’s AIM later this month.
The Yorkshire-based business, which is expected to be valued around £100m, has developed a polymer bead cleaning system to reduce water use in washing machines. The beads attract dirt away from clothes, reducing water needed for cleaning by 70% and halving the necessary power.
Spun out from Leeds in 2006, the firm has gone on to…
