Kainos goes from strength to strength

Following hot on the heels of scooping three prestigious gongs at the Digital Leaders Awards in London recently, Belfast based digital services provider Kainos has just undergone a successful flotation on the London Stock Exchange. Last month Kainos successfully placed an initial public offering (IPO) at an offer price of 139 pence per share giving the company a market value of £161.3 million. Kainos, which provides IT services, consultancy and software solutions all around the world is a former Queens University spin-out company (through QUBIS) and at the IPO price has raised some £52.4 million for the former QUBIS shareholders and employees. The company has also prospered since floating on the main market of the LSE and at time of writing the share price has soared to around 207p giving the company a market capitalisation of £244 million. Kainos continues to be headquartered in Belfast employing 730 people across its seven offices.