Stock Market

Drone maker Tekever eyeing possible London stock market flotation


A drone maker whose products track small boats in the English Channel is eyeing a possible London stock market flotation.

Tekever boss Ricardo Mendes said as the company was growing well it would prepare for a float ‘in the next few years’.

He said London would be the choice if a listing were held on this side of the Atlantic, though the Nasdaq in New York ‘would be a very good option as well’.

Up in the air: Tekever has a contract alerting the Home Office to small boats from a base in Kent, and sells drones for reconnaissance in Ukraine

Up in the air: Tekever has a contract alerting the Home Office to small boats from a base in Kent, and sells drones for reconnaissance in Ukraine

The Portuguese group opened a factory in Wales in September and has a site in Southampton.

It has a contract alerting the Home Office to small boats from a base in Kent, and sells drones for reconnaissance in Ukraine.

Mendes said the City’s tech aspirations ‘could be a very an interesting thing – let’s see how it develops in the next few years’.

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