HeiQ says goodbye to London Stock Exchange

HeiQ will exit the London Stock Exchange and return to the structure of a private company with effect from November 19, 2024. The board of directors of the company from the canton of Zurich in Switzerland specializing in textile technologies and synbiotics came to this decision unanimously according to a press release. HeiQ shares will be traded on the security matching platform JP Jenkins from November 20.

This strategic step aims to “focus resources, streamline operations, and accelerate growth.” It reportedly aligns with HeiQ’s focus on innovation, long-term growth, and value creation. The company goes on to add that as it continues to develop advanced technologies, private funding provides more flexibility to invest in the added value of its promising companies: HeiQ Synbio, HeiQ AeoniQ, HeiQ GrapheneX, and HeiQ Xpectra.

Co-Founder and Group CEO Carlo Centonze commented: “Our four years as a public company have seen us acquire four companies and change from a yield-focused specialty chemicals player with a narrow textile focus to a multi-technology platform innovation incubator with diversified market channels and long-term value creation opportunities. Returning to private company status will enable us to better focus on scaling and financing innovation and technology.” ce/mm