Venture Leaders Technology HeiQ listed on the London Stock Exchange following an oversubscribed round of CHF 71M

07.12.2020 16:43, Guillaume Tinsel

At 08:00 AM (GMT) this morning, the Schlieren-based ETH spin-off HeiQ has become a publicly listed company on the London Stock Exchange Main Market.

HeiQ is a global, profitable pioneer in the $24 billion textile chemicals market, directly serving the $10 billion antimicrobial textile market with its recent Swiss Technology Award-winning HeiQ Viroblock technology. Founded in 2005, HeiQ has grown into a high growth, cash generative company which employs more than 100 people around the world. In 2006, they were selected as part of the Swiss National Startup Team for the Venture Leaders Technology.

The Company has created some of the most effective, durable, and high-performance textile technologies in the market today which cool, warm, dry, repel, purify and stop viruses. So far, HeiQ has developed over 200 technologies in partnership with over 300 major brands, including Burberry, GAP, New Balance, Patagonia, Speedo, The North Face, and Zara.

The Company’s shares were admitted to the Standard Segment of the Official List of the Financial Conduct Authority at 8:00 am on Monday 7th December 2020 by way of a reverse take over into Auctus Growth Plc. The admission follows an oversubscribed placing and subscription, raising £60 million (before expenses) from institutional and other investors.
HeiQ’s latest innovation – HeiQ Viroblock – is an award-winning antimicrobial technology which helps in the fight against enveloped viruses, including SARS-CoV-2 (the virus causing COVID-19). This technology is already being used by more than 150 major brands such as Burberry.

The Company’s aim is to deliver growth for its shareholders by driving increased sales of HeiQ’s core products and by entering additional lucrative markets through disruptive innovations. 

HeiQ Co-Founder & CEO Carlo Centonze said, “Today’s listing is a major milestone for HeiQ, and we are delighted to welcome our new investors aboard the ship. We have spent the past 15 years building HeiQ to become one of the leading textile materials innovators in the world, and the cash generative profile of our business demonstrates the success we have experienced.“ He continues, “The fundraise will enable HeiQ to build on the significant momentum achieved so far in 2020. There are many opportunities to capture more market share through increased sales of our core products to major brands. These have grown 17% in the first half of the year and, in parallel, we have entered lucrative new markets with additional innovations.”

source: HeiQ Press Release 07.12.2020