Big Sofa Technologies Group Admission to AIM and First Day of Dealings
London(19 Dec 2016)
Big Sofa (AIM: BST), a fast-growing video analytics provider to consumer brands and market research agencies, announces that its shares will begin trading at 8.00 a.m. today on the AIM market of the London Stock Exchange.
The Company raised approximately £6.1 million by way of a placing of and subscription for new ordinary shares at 17 pence per share to accelerate near-term growth opportunities with key customers and facilitate the expansion of the Company’s U.S. resource.
Simon Lidington, Chief Executive Officer of Big Sofa, commented:
“Big Sofa is at the forefront of helping major brands and consumer insight agencies make genuine use of their video content in order to better understand customer behaviour. Our belief is that video is transforming the consumer insight sector; but to be truly valuable, brands and agencies need to be able to manage the vast amounts of video content they acquire. Big Sofa’s technology enables them to do exactly that.
“The market is growing at a substantial pace and Big Sofa has a growing list of blue chip customers. Our listing on AIM gives us the means to accelerate our growth ambitions both domestically and internationally in order to create a highly profitable business of scale. We have a fantastic team in place and are excited to enter our next phase of growth as a listed company.”