AUS
NZ
UK
CA
USA
IND
.jpg)
_05_16_2023_17_11_27_393572.jpg)
Highlights
- Health and public sector tech firm Made Tech group announced its IPO plans on LSE’s AIM platform
- The group recently hired new members into its workforce as part of its expansion into Wales.
UK based public sector technology delivery company Made Tech Group PLC is planning an initial public offering (IPO) on the London Stock Exchange’s (LSE) sub-market the Alternative Investment Market (AIM), the company stated on Tuesday 14 September
The group plans to list on AIM later this month on 30 September. Made tech has not disclosed IPO price, expected valuation and any other listing related details yet.
Made Tech Group’s functions
Made Tech Group, founded in 2012 is a tech enabled firm which aims to modernise legacy based apps and other services across government, healthcare, and other sectors by providing digital, data and other tech related services.
The group recently hired new members into its workforce as part of its expansion into Wales, creating at least 9 new jobs in the region.
Made Tech also recently partnered with the NHS as well as the UK government’s Driver and Vehicle Licensing Agency as part of its regionalisation strategy to deliver tech-based solutions to public sector bodies.
Bottom Line
Made Tech Group’s IPO news comes on the heels of an IPO boom in the UK this year, particularly in the tech sector. Moreover, the pandemic has accelerated the rise of MedTech and healthcare tech firms as companies scramble to address the public health crisis.
The LSE has also made plans to ease listing rules to attract further capital into London. The anticipated relaxation of IPO rules in the UK is also expected to continue London’s reign in the IPO market across Europe.
