SafeCharge raises £76m on AIM

Payment service provider SafeCharge raised £75.75m yesterday during its first day of trading on the London’s Alternative Investment Market (AIM). SafeCharge, which is majority owned by Israeli entrepreneur Teddy Sagi, handles transactions for European betting companies and also for businesses in the foreign exchange trading sector. Shares in the firm closed at 169.5p yesterday, above the 162p issue price, giving it a £240m market cap.