Calyx shares priced at 55p ahead of flotation in London next week

SHARES in Calyx, the IT and telecom group owned by Cork businessman Maurice Healy, have been priced at 55 pence (78 cents) ahead of the company’s flotation next week.

The flotation of the group will raise €10.5 million for the company and its founder Mr Healy.

He owns 90% of the company and is selling 35% of his stake. The company will offer 13.18m shares to the institutions and based on the placing price will be valued at €31 million.