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Awox raises EUR 24.7 million in IPO

Wednesday 16 April 2014 | 10:32 CET | News
French smart home products maker Awox has raised EUR 24.7 million in an IPO on Euronext Paris. The operation was 5.7 times oversubscribed. The share price was EUR 19.38, at the top end of the announced range and the overallocation option was fully exercised. The IPO included a EUR 21.5 million capital increase. Some 1.11 million share were issued, raising Awox's total shares to 3.56 million. Awox has set itself a target of increasing its turnover to EUR 30 million in 2016, compared with EUR 7 million in 2013 through organic growth. It plans to raise its number of Smart Home products to 17

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Categories: Internet
Companies: AwoX
Countries: France
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