New standard listing: Red Capital tech search

Red Capital is the latest vehicle floated by Marwyn Capital founder David Williams. He has floated other standard list shells and one on Aquis called Quantum Exponential – although he is not a director there. Red Capital is seeking acquisitions in technology and services sectors, although it is trying to remain as flexible as possible.

Fellow director Simon Webster has a background in the software and technology sector. He was chief executive of software company CPA Global, which merged with New York Stock Exchange listed Clarivate in October 2020. He also founded SHUFL Capital. The directors are major shareholders so getting the right deal is important for them.

In this case, all the shares have been issued at 10p, not just the latest placing. The shares certainly jumped wen tradin...

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