SyQic to float on Aim market A company that streams live television and video content to mobile devices is poised to become the latest technology business to float in London, by raising £3.2m on Aim. SyQic, which operates a subscription model and targets the Asian market and migrant communities around the world, will today announce its intention to float on the London Stock Exchange's junior market. Its shares are expected to start trading on Dec 2, and giving SyQic a market value of £14.4m. It originally sought £2m from the fund-raising, but the offer was oversubscribed, said chief executive Jamal Hassim. The market for internet television is expected to expand significantly in coming years, with global revenues climbing from an estimated $9.1bn (£5.6bn) this year to $49.8bn in 2017, the company said. SyQic itself generated revenues of about £1.32m in the quarter ending Sept 30. The group's biggest markets are Indonesia, Malaysia and the Philippines, although the company is launching in Britain in coming weeks, and later plans to enter Europe and the United States. "There's a lot of growth to come in the next 12 to 24 months, so what we wanted to do was have access to the capital markets to be able to fuel that growth," said Mr Hassim. The company has its headquarters in the UK, which it will use as "a base of operations" for its expansion. Following the float, it will become one of a number of tech companies to debut on Aim this year, joining the likes of mobile gaming-services provider 24/7 Gaming and website addresses business CentralNic. Separately, Caredus Group, a provider of education and training services, will also announce today that is seeking as much as £5m from a float on London's junior market.