Trendit successfully places shares, lists on main market

Trendit successfully placed 67m new shares among investors and had its full ordinary share capital accepted to trading on the London Stock Exchange’s main market on Monday.

The provider of cutting-edge technology for real-time monitoring of population movement, trend analytics, and crowd behaviour raised £4m in gross proceeds via its share placing.

Benny Saban, CEO of Trendit, commented: "The Company is delighted to have achieved this major milestone and attract new shareholders in the process. We truly believe that Trendit's technology offering is like no other and our public company status will play a major role in unlocking future commercial opportunities to build a global business."

After being placed at 5.53p, the company’s market capitalization was estimated at approximately £12m.