22 June 2007
22 June 2007- Mayer, Brown, Rowe & Maw LLP's London corporate group has advised Numis Securities Limited and Cowen International Limited on the Initial Public Offering of AOI Medical Inc. (AOI) on the Alternative Investment Market (AIM) of the London Stock Exchange, raising a total of £8 million from the placing of new common shares. Trading in AOI's shares began trading on Friday 22 June.
AOI Medical Inc. is a medical device company focusing on the innovation of orthopaedic medical devices for the spine and trauma markets. Investment banks Numis Securities Limited and Cowen International Limited also acted as joint bookrunners, with Numis acting as nominated adviser and broker to AOI.
The money raised will be used to continue the development of AOI's three technology platforms: BAMF spine, BAMF Trauma and Cervical Plate. It will also fund business development and marketing expenditure as well as establishing US-based sales and marketing.
London corporate partners Robert Hamill and Paul de Bernier (US qualified) led the Mayer, Brown, Rowe & Maw team, assisted by corporate assistant Rodney Edgerton and IP assistant Sangeeta Puran.
Taylor Wessing advised AOI.
For further information:
+44 (0)20 7782 8558
PR Manager, London
+44 20 7782 8547