Shares of Made Tech Group PLC rose as much as 22% on Thursday as the company started trading on London’s junior AIM, implying a market capitalization of 219.9 million pounds ($295.3 million).
The digital, data and technology services provider has raised GBP15 million as part of its IPO, which will be used toward the company’s growth plans.
Shares at 0930 GMT were up 22.50 pence, or 18%, at 144.50 pence having peaked at 148.50 pence earlier in the session.
The company provides services that enable central government, healthcare, and local government organizations to digitally transform. It has about 240 staff in the U.K. with offices in London, Manchester, Bristol and Swansea.