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FreeAgent looks for £8m
The London IPO market has not completely dried up, accounting solutions and apps to micro-businesses FreeAgent has started talking to investors about raising £8m of growth funding. It wants to float with a market cap of £31m to £35m, or after adjusting for net cash, an implied £26m to £31m enterprise value. FreeAgent isn’t forecast to make its first profit until 2018. (SF)