Maid seeks $50m on Nasdaq

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Maid seeks $50m on Nasdaq

Maid, the financial information provider which saw its shares jump last month after announcing a strategic link with Microsoft, is to raise $50m via a listing and share offering on the American Nasdaq market. Dan Wagner, chief executive, said: "We are on the threshold of building the largest on-line business in the world." The company also announced half-year profits cut from pounds 440,000 to pounds 408,000.