Time Out Status
The company raised GBP 90 million in its initial public offering on the AIM stock exchange under the ticker symbol of TMO on June 14,2016. A total of 60,000,000 shares were sold at a price of GBP 1.5 per share. After the offering, there was a total of 130,000,000 outstanding shares (excluding the over-allotment option) priced at GBP 1.5 per share, valuing the company at GBP 195 million. The total proceeds, before expenses, to the company was GBP 90 million. Oakley, Woodford, Invesco, Insight investment invested in the round.