Several U.K.-based news outlets have reported that Touch Bionics, Livingston, Scotland, has secured the services of stockbroker and advisory firm Oriel Securities, London, England, to pursue having the company listed on the Scottish Stock Exchange. The initial public offering will purportedly be valued at up to £50 million (about US $84.4 million on August 5).
In January, Touch Bionics announced that the company had achieved 23 percent revenue growth in 2013 to reach £12.3 million (about US $20.25 million, as reported on January 21) in sales.
