Mincon lists on Irish Stock Exchange

26 November 2013 15:30

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Mincon lists on Irish Stock Exchange

Shannon-based engineering company raises €50 million for international expansion

Irish engineering firm Mincon has listed on the Irish Stock Exchange, raising €50 million as part of the floatation.

Mincon raised €50 million as part of its flotation and joins the ESM of the Irish Stock Exchange with a market capitalisation of €180 million.

“Floating on a public market is a significant milestone for Mincon. By listing on the Irish Stock Exchange, Mincon will be able to source international capital to fund the next phase of its expansion,” chief executive Kevin Barry said.

ISE chief Deirdre Somers said the listing demonstrates that the ISE is a place for established and emerging Irish companies to scale their business.

Mincon attracted a share of coverage internationally three years ago when its equipment was used in the dramatic rescue of a group of trapped miners in Chile.

Source: irishtimes.com

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