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Awox to raise EUR 17 million in Paris float

Wednesday 2 April 2014 | 08:46 CET | News
French internet of things developer Awox plans to raise EUR 17 million in a flotation on the Paris Bourse on 22 April, La Tribune reports. Existing shareholders Isatis Capital and the management team have subscribed to EUR 4.3 million of shares. The shares will list for between EUR 15.86 and EUR 19.38, with the median valuing the company at about EUR 45 million. Until now the company has made its revenue from software licences for the DLNA standard that allows electronic devices of different brands to communicate and from the design of white-label products such as Orange's LiveRadio player

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Categories: Internet
Companies: AwoX / Orange
Countries: France
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