Calyx surges 15% on London debut

SHARES in Calyx, the IT and telecom group owned by Cork businessman Maurice Healy, surged 15% after making their debut on London’s Alternative Investment Market (AIM) yesterday.

Investors warmed to the AIM’s latest Irish arrival, driving up the share from its issue price of 55p to 63.5p. The company, which is headquartered in Santry in Dublin but has offices in Cork and Limerick, raised £6.3 million (€9.1 million) after expenses from the share offering.

Mr Healy owned 90% of the company before the decision to go public. Almost 35% of the company’s shares were placed with mostly British institutional investors before trading commenced yesterday.