Stock exchange listing for HeiQ
Textile materials technology innovator HeiQ has formally listed on the London Stock Exchange.
Its placing and subscritption were over-subscribed and raised £60 million before expenses.
HeiQ said in the build-up to its listing that it was part of a textile chemicals market with an estimated value of $24 billion and part of an antimicrobial textile market worth $10 billion. Founded in 2005, HeiQ’s technologies equip textiles with the ability to cool, warm, dry, repel, purify and stop viruses.
It said it had developed more than 200 technologies in partnership with 300 major brands, including Burberry, GAP, New Balance, Patagonia, Speedo, The North Face and Zara.
Co-founder chief executive, Carlo Centonze, commented: “Today’s listing is a major milestone for HeiQ and we are delighted to welcome our new investors aboard the ship.”
