Andor Technology debuts on IEX

ANDOR TECHNOLOGY, the high-end digital products manufacturer, officially listed on Dublin’s IEX market yesterday, with its shares debuting at €1.49.

The company has been listed on London’s Alternative Investment Market for the past three years and had hinted it was in favour of a second listing in Dublin for some time.

The thinking behind the dual sterling/euro listing is to increase visibility of the company amongst potential investors in the eurozone and to provide greater liquidity to Andor’s growing number of shareholders in the Republic.

“Listing on AIM allowed us to tap into institutional investors in London and our hope is that our IEX float will introduce us to the private client network in the Republic, which is very buoyant at the moment. It will also give us a euro quote,” said Andor’s new chief executive Conor Walsh.