Waterlogic has listed on the London Stock Exchange.

The UK-based company, which produces and distributes drinking water purification and dispensing systems, has raised GBP48.5m (US$77.4m) through today's (11 July) listing on the AIM (Alternative Investment Market). The firm's shares will trade under the ticker TIDM WTL.

Waterlogic placed a total of 33.4m ordinary shares at GBP1.45 each. Around GBP41m was raised for the company and GBP7.5m for certain selling shareholders.

The market capitalisation of Waterlogic is around GBP112.5m.