The London Stock Exchange is due to welcome its third Northern Irish company early next month.
Rockpool Acquisitions, a special purpose acquisition company (SPAC), is planning to list shares on the exchange on 5 July.
The company will use the fundraising to acquire Northern Irish businesses and help them access growth capital.
Rockpool said it is likely to target acquisitions of up to £20m and will focus on Northern Irish companies with international outlooks.
Through its London listing, the company wants to raise £1.5m. Within 12 months, it is aiming to complete a reverse takeover, which will require the publication of a prospectus and an application to be re-admitted onto the stock exchange.
“Our decision to list on the main market of the London Stock Exchange makes both strategic and commercial sense as we believe that there are a number of excellent Northern Ireland-based companies that would benefit from access to the deeper pools of capital that a listing on London’s most prestigious market provides,” said Mike Irvine, co-founder and non-executive director of Rockpool.
“The Northern Ireland business community has a strong heritage of entrepreneurship but has not necessarily taken full advantage of the public markets. We see Rockpool as an opportunity to start to address that situation.”