The placing raised pounds 1.5m for the company. Executives at Shaw & Co, the stockbroker which handled the new issue, are following the shares with more than usual interest. They took the flotation fee in shares and options and are locked in until November.
Stentor, where Shaw & Co is also involved, rose 17p to a 128p peak. It was floated at 72p in April. The company plans to take advantage of the deregulation of the Irish telephone service, offering a rival system.Reuse content