• GL
Choose your location?
  • Global Global
  • Australia
  • France
  • Germany
  • Ireland
  • Italy
  • Poland
  • Qatar
  • Spain
  • UAE
  • UK

DWF advises Belluscura on AIM IPO

28 May 2021
DWF, the global provider of integrated legal and business services, has advised Belluscura, a developer of portable oxygen concentrators with COVID-19 applications, on its AIM IPO.

The IPO of USA headquartered Belluscura, which also has offices in London, expects to see the company valued at £51m following admission to AIM. Its debut is part of a process to help accelerate the commercial development of its lightweight FDA cleared portable oxygen concentrator. The device seeks to replace larger, heavy metal oxygen tanks and heavier portable oxygen concentrator devices.

Belluscura's first product, the X-PLO₂ R™ seeks to deliver up to 95% pure oxygen to patients to improve their quality of life to those with chronic lung ailments and diseases, including to sufferers of COVID-19 and those with certain 'long COVID' symptoms.

The multi-jurisdictional deal was led by Corporate Partner Lester Wilson, with assistance from Senior Associate Katy Philips, Amelia Mackie and Jenny Davies. Tax Partners John Toon and James Cashman advised on tax.

Neil Baldwin from SPARK Advisory Partners also advised Belluscura.

Lester Wilson, Corporate Partner at DWF, said: "We are delighted to have supported Belluscura on its debut on AIM. Its X-PLO₂ R™ will hopefully play a significant role in improving the lives of a significant number of people around the world and particularly those suffering from COVID-19."

Further Reading

We use cookies to give you the best user experience on our website. Please let us know if you accept our use of cookies.

Manage cookies

Your Privacy

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. We mainly use this information to ensure the site works as you expect it to, and to learn how we can improve the experience in the future. The information does not usually directly identify you, but it can give you a more personalised web experience.
Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change permissions. However, blocking some types of cookies may prevent certain site functionality from working as expected

Functional cookies


These cookies let you use the website and are required for the website to function as expected.

These cookies are required

Tracking cookies

Anonymous cookies that help us understand the performance of our website and how we can improve the website experience for our users. Some of these may be set by third parties we trust, such as Google Analytics.

They may also be used to personalise your experience on our website by remembering your preferences and settings.

Marketing cookies

These cookies are used to improve and personalise your experience with our brands. We may use these cookies to show adverts for our products, or measure the performance of our adverts.