Global digital identity technology provider GBG has officially transitioned from the AIM to the Main Market of the London Stock Exchange. Trading in the company’s ordinary shares commenced at 8 am today, with the shares simultaneously delisted from AIM. This development follows the company’s announcement last week, confirming that no new shares or securities are being issued in connection with the admission.
GBG CEO Dev Dhiman commented, “Today marks an exciting milestone in GBG’s journey with our admission to the Main Market. During our journey so far in the public markets, GBG has evolved into a leader in digital identity technology, delivering consistent growth, innovation and value to our stakeholders. As a global business focused on profitable growth with strong cash generation, this move will provide us with the platform to support our long-term strategic goals, opens up deeper pools of international capital, and enhances our visibility and credibility with all stakeholders.”
The Chester-based company’s issued ordinary share capital stands at 243,235,721 shares, with none held in treasury. Known for its identity verification, fraud prevention, and location intelligence solutions, GBG expects the Main Market admission to bolster its credibility and visibility among global investors. The company’s share price has risen by over 1% as of 9:26 am today to 245.08p, with a market capitalisation just under £600 million. GBG initially floated in 1993 with a share price of 220.47p and peaked in 2021 at approximately 950p.
