Edison Investment Research - WANdisco (WAND) WANdisco - Raises $16.5m, H2 guidance confirmed

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Edison Investment Research

Richard Williamson

WANdisco - Raises $16.5m, H2 guidance confirmed

WANdisco has raised $16.5m by issuing 3m shares at 425p, a 23% premium to Friday's 350p closing price. The issue was supported by existing tech-focused investors including Davis, Global Frontier, Ross Creek and Acacia from the US and Herald from the UK. The company has reaffirmed FY19 revenue guidance of $24m, implying $18m in H2. We see this as a positive indicator that the inflection in financial performance we anticipated in our report On the cusp? is on track.

25/11/2019 3 EN

Underlying

WANdisco

Wandisco Plc is engaged in the development and provision of global collaboration software.

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JE00B6Y3DV84 London Stock Exchange Jersey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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WANdisco - Raises $16.5m, H2 guidance confirmed

Hybridan Small Cap Feast - 09 Mar 23

WANdisco - New use case in manufacturing opening up?

WANdisco - Multiple IoT deployment wins lead to upgrade

Manx Financial Group - Executing on a high-growth strategy

Carr's Group - An enhanced value creation strategy

Arcadium Lithium - When one plus one equals three

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