A media and technology company that aims to eradicate internet video buffering will list on London's main market today.
Falcon Media House, which will trade under the ticker FAL, will list on the London Stock Exchange after raising £4m in a placing of new ordinary shares at 25p.
The company focuses on over-the-top (OTT) video streaming services, which deliver film and TV content without subscribing to a traditional cable or satellite paid-for TV service. Successful examples include Now TV, Amazon Video and Netflix. The OTT industry is being driven in large part by millennial consumers.
Falcon owns patented software called Q-Flow, which prevents buffering and streams seamless video, and is aiming for it to be a major enabling technology as the millennial-driven OTT sector expands.
It has already signed a deal with Tata Communications and has said its US sport-focused Teevee distribution platform could be the “Netflix for Sports”.
“The OTT market has ushered in a broadcasting revolution that has irrevocably transformed the way that millions of people across the globe choose, access and watch multimedia content," said Falcon Media House executive chairman, Gert Rieder.
Yet until now, achieving seamless streaming has evaded even the largest providers in this explosive market. Through our patented technology, Falcon has the capability to deliver an unrivalled, buffer-free viewing experience to a new style of audience.
The company was previously listed on London's main market as a cash shell called Falcon Acquisitions. Following deals in the OTT market, it is now re-listing and changing its name to Falcon Media House.