Affinity Internet valued at pounds 12.75m

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AFFINITY INTERNET has become the latest Internet- related company to come to the market, through an institutional placing on the alternative investment market (Aim) valuing the company at pounds 1275m Under the Virtual Internet Provider (VIP) banner, the company sells Internet access through branded outlets to retail customers Its clients include Arsenal football club, Toys 'R' Us, Tiny Computers and Martin Dawes Communications The placing by brokers Charles Stanley at 70p a share raised pounds 275