London stock market welcomes two new listings in tech and property

published on 28/03/2017  

Two firms join the London stock market this week, a video technology company and a property services supplier.

Falcon Media House, which owns patented technology that prevents buffering when streaming video online, listed this morning at a valuation of £14m after raising £4m.

On Wednesday, Dukemount Capital, a property and investment services company, will follow suit with a flotation valuing the company at approximately £1.5m.

The group intends to raise £1m, which will be used to source and structure its first real estate acquisitions and cover its listing costs.

The UK-based company plans to acquire, manage and develop UK residential and hotel properties, which are for the most part already pre-leased to housing associations on a long-term consumer price index-linked basis. Dukemount will then agree a sale and leaseback with institutions. These leases, typically more than 30 years long, are called as long-dated income.

Dukemount expects to be profitable within the first 12 to 18 months of ­listing.

Reference: Davidson, L & Cunningham, T. 2017. London stock market welcomes two new listings in tech and property, The Telegraph, Business.
See the full article at http://www.telegraph.co.uk/business/2017/03/26/london-stock-market-welcomes-two-new-listings-tech-property/