Make your money go further for just 25p per day

Tanfield Group (AIM: TAN) IPO of Smith Electric Vehicles pulled -  another classic from Tanfield

21/09/2012 · Tanfield (TAN) 

Just when things were starting to look a bit brighter for the manufacturer of Powered Access equipment and investor in Smith Electric Vehicles, the Washington (Tyne & Wear) based group has shocked the market with news that the planned IPO of Smiths has been pulled

The statement from management was that they received significant interest from potential investors but were unable to complete a transaction at a valuation or size that would be in the best interests of the company and existing shareholders. 

They have instead decided to go the private funding route – one hopes/assumes management has already identified a private funding solution!

With several private funding rounds in Smiths already completed (over US$120m has been raised) their…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Tanfield

Tanfield Group (AIM: TAN) IPO of Smith Electric Vehicles pulled -  another classic from Tanfield

21/09/2012 · Company Insights
Just when things were starting to look a bit brighter for the manufacturer of Powered Access…

TANFIELD (LON:TAN) Open Offer to raise £2m – it doesn’t look enough to us!

08/09/2010 · Company Insights
The beleaguered engineering group has announced an open offer to all shareholders of 20 million new…

More Company Insights

Bonkers Bargains: another upgrade and still a bargain

12/11/2024 · Time Finance

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Sign-up to our free email updates

SIGN UP