(Alliance News) - Advanced Oxygen Therapy Inc, a US developer of woundcare technology, is preparing to push the button on a London stock market flotation next month, Sky News reported.

Sky said AOTI is drawing up plans to raise roughly USD50 million from an initial public offering in London.

Citing City sources, Sky said the company is expected to announce its plans in the first half of June.

If successful, the flotation on the junior AIM market is likely to value AOTI at around GBP160 million, Sky said.

https://news.sky.com/story/healthcare-firm-aoti-to-unveil-plans-for-160m-london-float-13136957

Based in California, AOTI says its medical technology reduces the need for amputations in patients by more than two-thirds.

The news provides a further boost to the London market after news this week that Raspberry Pi is planning a GBP500 million UK float.

Cambridge, England-based Raspberry Pi is known for its cheap and cheerful computers. It makes low-cost single board computers and compute modules for industrial 'internet-of-things' uses, as well as for enthusiasts and educators.

The announcement by Raspberry Pi follows a Reuters report that Chinese fast-fashion retailer Shein will list in London and a Bloomberg report that Walgreens Boots Alliance Inc will sell or spin-off UK pharmacy chain Boots, with a London listing one of the possibilities.

By Jeremy Cutler, Alliance News reporter

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