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IPO and £36 million raised for Renalytix in 10 months

Singer Capital Markets is delighted to have acted as Nominated Adviser and Sole Broker on Renalytix’s (RENX.LN) admission to AIM in October 2018. Singer Capital Markets have supported Renalytix in raising £36 million since IPO.

About Renalytix

Renalytix is an artificial intelligence-enabled in vitro diagnostics company, focused on optimizing clinical management of kidney disease to drive improved patient outcomes and lower healthcare costs.

Their goal is to lower healthcare costs and improve patient quality of life by transforming the paradigm for kidney disease risk assessment and clinical management through their KidneyIntelX platform.

Our work with Renalytix, raising £36 million in 10 months

Secured cornerstone investors, facilitating a larger free float and walking up valuation between the middle and top of the range

Oversubscribed fundraise despite a deteriorating / challenging market , raising £22 million on admission.

The IPO was followed by a secondary Placing in July 2019 raising £14 million.

The IPO on AIM won the prestigious ‘Transaction of the Year’ Award at the AIM Awards Dinner in 2019.

"We are pleased to have chosen Singer Capital Markets to work on these transactions, to help drive the IPO processes, to champion their growth stories and support their journeys as quoted companies. It’s a strong and well-balanced approach – from research, sales and trading and the corporate side – with every part of the team taking the trouble to understand the growth drivers of a proposition and promote its success."

Julian Baines

Non-Executive Chairman of RenalytixAI

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