Three companies to conduct fundraising to maintain operations
Three companies have announced its plans to conduct fundraising and have expressed hopes to raise more than £400 million via stock market flotations.
Promethean, a Blackburn-based educational firm, business clothing maker SuperGroup and EMIS, a healthcare software business based in Yorkshire, have confirmed this development.
Market turbulence has seen major floations happening in recent months which led the companies to join the bandwagon.
Promethean projects to raise about £250 million, SuperGroup estimates £125 million and EMIS targets £50 million.
SuperGroup has 40 retail stores in the United Kingdom and has 54 concession stores at store chain House of Fraser.
Promethean, reporting a strong annual grown in education recently, continues its focus on primary and secondary education. About 550,000 classrooms in about a hundred countries benefited from the company’s equipment.
As for EMIS, more than 800 employees have been hired to computerize patient records to keep up with modern technology.