Applied Graphene Materials's UK IPO was successful, shares rise 17% in the first day

Applied Graphene Materials logoAs we reported yesterday, Applied Graphene Materials (previously Durham Graphene Science) raised £10 million by going public in the UK's AIM stock exchange today. The IPO was very successful - the shares leaped over 17% in the first day, and the market value of the company is now £36.7 (almost $60 million).

AGM was established in 2010 as a spin-off from Durham University to develop a new graphene synthesis method and produce graphene materials. AGM's technology is a unique patented scalable 'bottom-up' CVD approach to produce graphene. The company was founded by Dr. Karl Coleman from Durham University.

Posted: Nov 20,2013 by Ron Mertens