OneClickHR delays flotation

By THIS IS MONEY
Updated:

 

Software company OneClickHR has delayed its planned flotation on London's junior Alternative Investment Market because of turmoil in global technology stocks.

'Market conditions are so uncertain that pricing has become a extremely difficult,' a spokesman said.

The company, which specilaises in designing and developing personnel software, was looking to raise more than £10m via a placing, which would have valued it at more than £30m. It had planned to publish its prospectus on Thursday.

OneClickHR, based in south-east London, was formed in 1996 and has a management team headed by former Grand Metropolitan boss Lord Sheppard as chairman. Turnover in 1999 was £2.1m.

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