Kondor AI PLC - London-based developer of artificial intelligence products to offer on software-as-a-service model, focused analysis of visual input - Starts trading on Aquis Stock Exchange in London on Thursday after raising £1.5 million gross from sale of 50.0 million new shares at 3 pence each as part of initial public offering. The IPO is led by Clear Capital Markets. At the IPO price Kondor has a market capitalisation of £5.4 million.

Kondor follows firms AI firms Substrate Artificial Inteligence SA, Cykel AI PLC and Flex Labs Inc as new listings on AQSE in recent months.

‘Kondor’s debut on the Aquis market is a major step in the company’s development and provides a strong foundation to execute our long-term growth strategy,’ sayd Co-Founder & Executive Chair Jonathan Bixby, who has the same roles at Cykel AI.

Current Kondor stock price: trades at 8.00p, more than doubled from IPO price

Copyright 2023 Alliance News Ltd. All Rights Reserved.