Admission to the AIM Market of London Stock Exchange plc

RSM’s capital markets team has advised on the admission of Calnex Solutions plc to the AIM Market of London Stock Exchange plc. Calnex Solutions plc (ticker: CLX), a provider of test instrumentation equipment to telecoms groups. Its first day of trading will be 5 October 2020 after a £22.5m placing.

On admission, the business will be valued at £42m with the placing price of 48p.

About our client

The Linlithgow based company is the first Scottish business to float since 2018 and has raised £6m of new money for the business through the placing with £16.5m worth of equity sold by existing shareholders.

Transaction team: Diane Craig, Emmet Faherty

It’s been a great pleasure to work with the Calnex team on their successful AIM IPO and demonstrates the ability of good quality companies to raise substantial funds through the UK equity markets, despite the coronavirus backdrop.


Diane Craig, Head of Capital Markets