Fonix Mobile plc admission to AIM and successful US$58 million secondary placing
Fonix Mobile plc has completed an IPO that will serve both to raise the profile of the company and provide it with the flexibility to fund growth.
Fonix Mobile is a UK-focused mobile payments and messaging company, enabling businesses to charge users’ mobile bills and send users SMSs via their carrier. Founded in 2006, the company allows mobile network operators to provide additional services in the form of carrier billing, SMS billing, messaging and voice shortcodes. Fonix Mobile has over 100 clients, including ITV, Bauer Media, BT, Global Radio and BBC Children in Need, across a range of multi-billion-pound sectors such as media, gaming, charity, ticketing and digital services..
Oaklins Cavendish’s sister firm finnCap, based in the UK, in its role as financial advisor, assisted Fonix Mobile’s management team all the way, from the start to the successful completion of the IPO. The strong efforts of the team enabled existing shareholders to partially realize their investments as well as building a strong institutional register for the company.
CEO, Fonix Mobile plc
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