Trackable wristband firm Buddi is preparing for a floatation on the London Stock Exchange (LSE), at a valuation reported to around £500 million.
The firm, founded in 2005 by Sara Murray, makes wristbands for vulnerable people, which can detect falls and allow them to contact assistance if needed.
The founder claimed she was inspired to start the firm after losing her child in a supermarket.
Murray previously founded Confused.com and worked in software development at GlaxoSmithKline and Procter & Gamble.
Buddi claims to provide technologies to support vulnerable individuals across more than 80 per cent of UK local authorities.
Investment bank Zeus Capital is set to oversee the listing planned for later this year.
The news comes amid a busy year for London IPOs for UK technology firms, with Moonpig, Trustpilot, and Deliveroo all listing on the LSE.
Deliveroo recently recorded the worst one-day performance in UK stock market history, dropping 30 per cent on the day it debuted, wiping £2 billion off its value.
Latest News
-
Discord data breach exposes thousands of age-verification ID photos
-
Klarna partners with Google Cloud to supercharge AI capabilities
-
ASA conducts large scale AI trial to monitor alcohol ads
-
Rishi Sunak joins Microsoft and Anthropic as senior advisor
-
Google and Yapily join forces on account verification for businesses
-
SoftBank to buy ABB’s robotics business for $5.3bn
The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.
The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories