Buckinghamshire-based SyQic has become the latest technology startup to sell shares on the London Stock Exchange’s junior market.
The company, which streams live TV and video content to smart devices, is expecting to raise about £15m, according to law firm Bird & Bird which advised the company on its AIM IPO.
Jamal Hassim, CEO at SyQic, said: "SyQic’s listing will support the company in the next phase of its growth."
Simon Fielder, partner, Bird & Bird, added: "This IPO from SyQic is further demonstration of the pick-up in activity for IPOs and funds raised on AIM, particularly for companies in the TMT space."
The company, founded in 2004, is looking to expand in the UK, Europe and the US markets as it continues to focus on the Asian markets.
Since 2010, the Group has pursued a paid mobile delivery model and, as such, it does not rely on advertising revenue, instead generating its revenues through access fees charged to its end-users.
