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Smarter Web Company said it will issue up to 277,777 preferred shares at £90 each under a retail offer, targeting gross proceeds of £15 mln to £25 mln. The stock was up 6% to 70p and was among top gainers on the FTSE small-cap index up 0.33%.
The company said the retail offer is part of an IPO for new preferred shares under the ticker MORE. It targets gross proceeds of £15 million to £25 million and is conditional on admission by 14 October 2026.