Feeds

Qinetiq kicks off £1.3bn IPO

Qinell

Internet Security Threat Report 2014

Shares in Qinetiq began trading today as the UK tech firm kicked off its £1.3bn IPO. The shares were valued at 200p each - at the top end of 165p-205p range set for the float - but surged ahead in brisk early trading.

By mid morning shares were changing hands at 216p.

Qinetiq - the science and technology outfit formed from the British Government's defence research and development organisation - published details of its intention to float last month.

Boffins intend to use the cash raised from the IPO to help develop the business and snap up a few "appropriate acquisitions". Around £45m of the cash raised will be used to plug a hole in its pension scheme.

In the six months to September 2005 Qinetiq generated a turnover of £473m and an operating profit of £37.5m. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.