Celoxica makes stock exchange debut

A Celoxica product story

Edited by the Electronicstalk editorial team Oct 28, 2005

Celoxica Holdings is now listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

Celoxica Holdings is now listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

Dealings in the shares commenced yesterday at 0800 BST, trading under the symbol CXA.

Arbuthnot Securities is the company's nominated adviser and broker.

Arbuthnot has placed 19,424,000 new ordinary shares with institutional investors, raising GBP 5.3 million pounds (net of expenses).

The new shares placed represent 37.7 % of the company's enlarged issued share capital.

None of the company's existing shareholders (including Directors) are selling any shares at this time.

The Oxfordshire based company is the leading provider of electronic system level (ESL) design and synthesis solutions used for the design and development of complex electronic products and embedded systems.

According to Gartner, ESL is set to become a major driver of growth for the broader electronic design automation (EDA) market and could be worth as much as $1.6 billion by 2009.

Phil Bishop, CEO of Celoxica, commented: "We are pleased to be proceeding with our AIM listing, which is an important step in Celoxica's strategic development".

"The growing complexity of digital electronics combined with challenging and aggressive development schedules are increasing the demand for our design solutions, a trend that is predicted to continue".