Kuwait Life Sciences Company Chief Executive Officer Qais Marefi welcomed the great success of the initial public offering (IPO) of one of its international investment entities SuperSonic Imagine Company in the Paris-based Euronext market.
“This success reflects international investors’ confidence in the company’s performance and future,” Marefi told KUNA Saturday.
He stated that the IPO has helped the company to increase its capital by 50 million euros.
“This will help the company expand geographically and enhance its technological capabilities.” Marafi added that the move shows that his company chooses feasible and promising investment opportunities.
KLSC, an affiliate to the state-owned National Technology Enterprises Company, has a broad international network of venture capital and private equity funds, technology transfer centers, multinational pharmaceutical companies, and scientific experts across various life science fields.
SuperSonic Imagine, established in 2005 in Aix-en-Provence (France), is a company specializing in medical imaging. The company designs, develops and markets a revolutionary ultrasound system, Aixplorer, with an UltraFast platform that can acquire images 200 times faster than conventional ultrasound systems.
Source : KUNA Kuwait News agency