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Stockcube raises £3.38m

The investment research company will use the cash from its May Aim flotation to enter the non-professional market.

The listing will value Stockcube at £24m, reports the Financial Times.

Stockcube currently sells price trend intelligence to institutions for between £10,000 and £30,000 a report.

The company now wants to offer cut-priced reports to non-professionals over the Internet for as little as a few hundred pounds.

Apax Partners Capital is the nominated adviser for the flotation and Raphael Zorn Hemsley the nominated broker.