UK ISP Business Serve floated on the Alternative Investment Market (AIM) listing today, valuing the company at £17.5 million.
The business-focused ISP, based in the North West of England, raised around £4.5 million as part of the listing. This will give it a bigger war chest to acquire "established customer bases and ISP infrastructure within the fragmented ISP market".
Founded via a series of mergers starting in March 2000, Business Serve has around 18,500 customers and employs more than 180 people across its sites in Salford, Lancaster, Bradford and London. ®