Swindon-based Recycling Technologies Group, developing technology to recycle mixed plastic waste, has postponed its initial public offering on AIM to "early Q1 2022".
Previously, the company, whose technology turns plastic waste into feedstock for new plastic, had targeted a mid-December date for its float. It had hoped to raise up to £40m for the company and attain a market capitalisation of up to £111m.
"The company has received interest from a broad range of investors in the IPO marketing process, including investors that are more strategic in nature that require additional time to make a final investment decision, as well as significant blue chip funds," the company said.
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