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
-
Major cyber incident paralyses Wirral Hospital Trust
-
Blue Yonder ransomware attack disrupts UK grocery supply chains ahead of festive period
-
HSBC rolls out Flexipay for OVO customers
-
75% of manufactures to invest in AI next year despite ‘significant’ knowledge gap
-
Robots negatively impacting mental health of workers, says study
-
Google, Meta call on Australia to ‘stall’ social media ban bill
Bringing Teams to the table – Adding value by integrating Microsoft Teams with business applications
A decade ago, the idea of digital collaboration started and ended with sending documents over email. Some organisations would have portals for sharing content or simplistic IM apps, but the ways that we communicated online were still largely primitive.
Automating CX: How are businesses using AI to meet customer expectations?
Virtual agents are set to supplant the traditional chatbot and their use cases are evolving at pace, with many organisations deploying new AI technologies to meet rising customer demand for self-service and real-time interactions.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories