Cyberes to float on London Stock Exchange

Report by John Lavabre

ON-LINE travel reservation company Cyberes plans to launch on the Alternative Investment Market of the London Stock Exchange.

It is hoped the flotation, to take place later this month, will raise £8.5 million. This income will be spent increasing the company’s range, increase marketing and improve back office systems.

Cyberes has developed an Internet based system that allows independent travel agents access to 50 million published flights.