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Investing.com -- Vulcan Two Group announced its intention to launch an initial public offering on London’s junior AIM market as part of its strategy to become a leader in the United Kingdom (TADAWUL:4280)’s online pharmacy sector.
The company plans to list ordinary shares at 10 pence each, with the admission date expected in early September. Vulcan Two Group did not disclose how many shares it plans to issue, the amount of capital it aims to raise, or its expected market capitalization.
The group’s primary focus is acquiring businesses in the online pharmacy market that operate mainly in the UK. Looking ahead, the company indicated it might consider expanding its investment scope globally, including potential opportunities in emerging markets.
The announcement was made on Tuesday as the company positions itself to gain a stronger foothold in the growing online pharmacy space.
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