BEEKS Financial Cloud Group, the Scottish financial technology company, has revealed plans to list on the London Stock Exchange.

Linwood-based Beeks is looking to raise £7 million through the placing, which is expected to give it a market value of £24.5m. The company’s technology allows clients to carry out same day trading of foreign exchange and futures on financial exchanges and trading venues.

Chief executive Gordon McArthur said there is a “clear opportunity” to step up Beeks’s growth “with additional funding and see the capital markets as an obvious choice.”