Data company gets additional cash backing
Thursday 07 Dec 2017 Author: Steven Frazer

Data replication technology developer WANdisco (WAND:AIM) has raised $22m from investors to meet strong customer demand, far more than the $10m originally targeted.

Getting investors to participate may have been difficult with the shares close to recent highs of 881.5p, representing a 345% share price rally since the start of 2017. Investors were clearly more willing to back the placing at the 550p per share price level announced. (SF)

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