Remote meeting software firm LoopUp to pursue post-Brexit London tech IPO

robin@tech.eu

LoopUp Group, a Shoreditch, London-based remote meeting SaaS company, today announced its intention to list its shares on AIM - a 'junior' market operated by London Stock Exchange - which would make it one of the first 'local' IPOs since the UK voted to leave the European Union.

Founded in 2003, LoopUp boasts around 1,850 business customers - including the likes of Alcatel-Lucent, Subaru, Planet Hollywood, Travelex and National Geographic - and booked £10.1 million in revenue in FY2015 (a 36% year-on-year increase).

About 45% of LoopUp's revenue comes from the US, which it deems an important growth market.

LoopUp is seeking admission to AIM to raise funds to support its growth, but also to restructure its balance sheet by paying down existing debt.

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