Charles Russell LLP’s Technology, Media and Telecommunications team has advised nominated adviser and broker, Liberum Capital, on the listing of NetScientific plc on its admission to the AIM Market of the London Stock Exchange.  Trading of Ordinary Shares in NetScientific commenced on the 16th September.

With a focus on identifying and developing research and technologies from leading global universities, teaching hospitals and research institutes, NetScientific helps successfully realise the commercial value of academic insights.       

Charles Russell’s team played an important role in advising the parties involved on an appropriate strategy throughout the company’s move to listed status.  The listing was completed successfully, with £30 million raised on admission, valuing the company at £57 million.  NetScientific has a clear focus on the UK and United States as markets for growth and development.

The team was led by Charles Russell Partner Adam Carling, supported by Associates Jodie Dennis and Chris Birch.  Simmons & Simmons LLP (Charles Mayo and Tara Waters) advised NetScientific plc.

Chris Bowman at Liberum, said: “The UK and United States continue to lead innovation in the biomedical and healthcare technology sector and NetScientific’s model is well suited to capitalise on high growth developments including personalised medicine and digital telehealth." 

"We were delighted to support the listing of NetScientific, and also with the level of service received from Charles Russell, in particular the team’s knowledge of both the AIM market and the life sciences sector.  The specialist legal advice helped ensure the listing was completed efficiently and within our agreed timeframe.”    

Lead Partner for the project Adam Carling at Charles Russell commented: "We are delighted to have assisted Liberum with the successful listing of NetScientific.  The life sciences sector is a fast growing business sector and we have invested in developing a team with the credentials to meet the demand for legal services in this area.  We fully expect as credit markets continue to ease to see a growing number of companies seeking to float.”
 
NetScientific is the 20th technology firm to admit to the London Stock Exchange’s UK markets to date this year and has brought the total level of new capital raised by technology companies this year to £668 million. Both the number of new technology companies and the amount of new capital raised by them on London’s markets are at their highest level since 2007.