HeiQ Lists on London Stock Exchange
HeiQ has become a publicly listed company (LSE:HEIQ) on the London Stock Exchange Main Market. The Company’s shares were admitted to the Standard Segment of the Official List of the Financial Conduct Authority earlier this month by way of a reverse take over into Auctus Growth Plc. The admission follows an oversubscribed placing and subscription, raising £60 million (US $81,657,600.00) (before expenses) from institutional and other investors.
According to a statement by HeiQ CFO Xaver Hangartner, the launch of the Swiss firm’s latest innovation, antimicrobial technology HeiQ Viroblock, more than doubled HeiQ’s revenue in the first half of 2020.
Growth strategies outlined by the textile specialist include:
- Increasing market penetration of core innovations, including HeiQ Fresh AIR (developed for a leading Swedish home furnishing retailer); HeiQ Smart Temp (used by Japan’s biggest casual wear retailer and American clothing brand, Hanesbrands, Inc.) and HeiQ Clean Tech (winner of the Swiss Environmental Award in 2019).
- Developing HeiQ’s licensing and royalty business, which will see the brand name HeiQ Viroblock licensed together with the technology to third parties in return for royalty payments.
- Developing numerous projects in the R&D pipeline, including HeiQ GrapheneX for industrial filtration. The industrial filtration market was over $29 billion in 2020 - CAGR of 6.9 percent from the period of 2020 to 2025.