Haydale successfully went public, shares drop in first days

Haydale successfully went public last week, raising £6.6 ($11 million). The market value was £23.6 million (almost $40 million), but shares dropped (by 15%) in the following days and the company is now worth £20 million.

Haydale is developing and marketing carbon materials under the HDPlas brand. The company currently focuses on graphene, CNTs and zinc nanomaterials. The company also developed metal-free graphene-based inks. In October 2013 we posted an article explaining Haydale's business and technology. Haydale revealed that for the year ended in June 2013, the revenues were $153,000 while the operating loss was $1.8 million.

Posted: Apr 21,2014 by Ron Mertens