Steve Dunlop congratulates Calnex on AIM listing

Scottish Enterprise chief executive, Steve Dunlop, said: “I’m thrilled to add my voice to those congratulating Calnex on this fantastic achievement. Today’s listing is a testament to Tommy’s vision, the prowess of the team he’s assembled, and the hard yards put in by everyone to reach this momentous milestone.

“To be able to point to the first Scottish IPO in two years is a triumph, even more so when you consider the disruption to the market caused by the coronavirus pandemic that will have seen other companies delay their listing plans indefinitely.

“The fact Calnex has been able to progress with its flotation highlights two things. First, the sheer strength and resilience of the company, reflected by its impressive client list that includes telecoms luminaries Nokia, CISCO and BT Group. Secondly, the wealth of opportunity open to telecoms-related businesses created by the roll-out of 5G.

“Having supported Calnex since 2006, it’s been our privilege to have worked with it at every stage of its growth journey from start-up business to global company of scale. This incorporated entry into our High-Growth Ventures programme, participation in executive training schemes, access to our international network, grant support, and equity investment from our investment arm, the Scottish Investment Bank.

“We remain a shareholder in and champion of Calnex and stand ready to offer the business further support and advice as it proceeds with the next phase of its ambitious expansion strategy.”