Intelligent Environments Group Plc, the London, UK and Boston developer AM, a software tool designed to enable programmers to develop complex business applications using its proprietary Hyperlogic language, is planning to float its shares on London’ s Alternative Investment Market, raising 6m British pounds in the process, and putting a valuation of around 20m pounds on the company. The company wants the cash for marketing of Windows95 and NT versions of AM, and its new Amazon for the Internet and intranets. The nature of the flotation and numbers of shares and price details will be released later this month.English Trust Co Ltd is the nominated advisor to the company and Teather & Greenwood the broker.
