London Stock Exchange welcomes blur Group to AIM
Friday 5th October 2012
blur Group owns and operates the online Global Services Exchange at blurgroup.com where businesses buy, sell and pay for business services, including marketing, design, advertising and technology. Making use of cloud technologies and expert sourcing techniques, it started building expert crowds in 2007 and formally launched in 2010. In 2012 it received its 1,000th brief and now has over 20,000 experts from over 130 countries.
The Company’s trading symbol is BLUR and the market capitalisation of the Company following the Admission is $32m. The total number of Ordinary Shares in issue at Admission is 24,555,259,and Singer Capital Markets acted as Nominated Adviser and Broker to the Company.
Commenting on the successful Admission to AIM, Philip Letts, Founder and CEO said
“I am delighted by the positive response we have received from the UK market. We feel we now have a strong institutional shareholder base and the funds to deliver on our stated growth strategy. We believe the scalability of the blur model, in terms of volume, size and value of projects as well as buyer and seller profiles, creates a unique reach and proposition for creative and business services and we look forward to a successful future as a public company.”