Sharepages.com Parent to Float in U.K.
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[London, ENGLAND] Knowledge Technology Solutions (KTS), the parent company of finance portal Sharepages.com, is to float on AIM, London's Alternative Investment Market, in December.
Although best known for Sharepages.com, KTS is also the parent of software company Cognita, which develops custom solutions for aggregating, processing, and delivering real-time information over the Internet.
KTS expects to raise a modest sum, estimated to be the sterling equivalent of just over US $2 million by issuing 33.5 million new shares. It says it will use the money to expand its business and develop new software.
KTS will be worth around US $5.5 million if all the shares are placed when trading begins on AIM on December 4.
For the flotation, the nominated stockbroker is Hichens, Harrison & Co. plc, and the nominated adviser Beaumont Cornish Limited.
One of the strengths of KTS is the synergy it achieves between its two businesses, with Sharepages.com being an effective showcase for some of the technology developed by Cognita.
KTS licenses its technology to other firms, focusing on the area of real-time information processing with delivery across different platforms including Internet-enabled PCs and mobile devices.