You are here:

Float of the week: Panceltica

Created:
2 April 2008
Written by:
Graeme Davies

The Aim market welcomed construction company Panceltica on Monday after it placed £10m worth of founder directors' shares. The Qatar-based firm had already raised $115m (£58m) in pre-IPO funding.

Advertising

Panceltica concentrates on construction in fast-growth emerging markets, such as Qatar and Abu Dhabi, where its proprietary construction technology allows it to build lightweight galvanised steel structures very rapidly. All the manufacturing is done on-site using Panceltica's Scottsdale Technology, reducing transport costs and waiting time and de-skilling the construction process. The main limitation is in the height (four storeys) of the buildings Panceltica can erect.

A $320m contract to build 1,984 apartments in Qatar is under way and interest elsewhere in the Gulf region is strong.

IC VIEW

GoodValue

Market data

Comprehensive UK stock market data - who's up, who's down, stocks hitting new highs, best yielders and much more!

Click here for data!

Promotional Feature

Getting into first gear

Buying a car is one of the biggest expenses you're likely to face, after purchasing your home, so choosing the vehicle that's right for you is an important decision.

by Halifax

Promotional Feature

Home comforts

You've just bought a home, and whether it's your first or the latest of many, it's a huge purchase that can leave you strapped for cash.

by Halifax