Aim debut for Fusionex

Fusionex, the Malaysia-based company specialising in software products and solutions delivery debuted on the Aim market yesterday. The group’s shares were priced at 150p each, valuing the company at £64.5m. The offering raised £12m, placing 7.6m shares, and was three times oversubscribed. Panmure Gordon acted as nominated adviser and sole broker. This was Panmure’s fourth IPO in 2012.