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Microsalt: wonder IPO or ludicrous price?

Tom Winnifrith
Tuesday 9 July 2024

Microsalt (SALT) tried to raise £10-15 million ahead of an IPO last October but for some unexplained reason, Nomad Zeus postponed the IPO. On 1 February it joined the AIM sewer after raising £3.15 million gross (£2.5 million net) at 43p giving an £18.5 million valuation. Today, after announcing what it termed a “vital” deal earlier this week, the shares are 112.5p so valuing it at just over £48 million. Really?

About Tom Winnifrith
Tom Winnifrith is the editor of When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
[email protected]
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