WhatsWeb

whats known and unknown

U.K. graphene startup went public in an attempt to be first to market

on November 22, 2013

Gigaom

In a race to capitalize on an emerging market, a graphene startup made its debut on a sub-market of the London Stock Exchange today.

The share price rose from 155.5 to 216 pence–about $3.50. With a market cap of roughly $42 million, Applied Graphene Materials is too small for the main market.

“The reason for IPOing now is we want to be one of the first to market,” CEO Jon Mabbitt said to The Register. “To get there we need the resources. We feel we’ve got the IP and this initial use of funds is to take us to a modest level, a low-risk scale-up.”

Graphene is a one-atom-thick sheet of carbon atoms that is stronger than diamond and more conductive than silicon. It has major potential applications in computing, touch screens, solar panels and strengthening additives. But commercializing it has been difficult due to production costs and difficulty scaling…

View original post 244 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: