Ubisense gets off to fine start on AIM

Cambridge-based ‘real-time locations solutions’ company, Ubisense, has got off to a great start on its maiden day on the AIM market, with its shares rising 18% to 212 pence, in early trading from its IPO price of 180 pence. Ubisense had an oversubscribed fund raising last week (see Ubisense raises funds prior to IPO). The strong start boosted Ubisense’s market cap to £45.4m from £38.6m. Encouraging signs from the first true UK SITS IPO since EMIS last March (see here).