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Cloud PBX provider NFon sees share price rise on first day of trading

Wednesday 16 May 2018 | 15:17 CET | News
European cloud PBX provider NFon launched its IPO on 11 May with an issue of EUR 12 per share and saw its share price rise to EUR 13.26 at the close of trading on its first day of trading, 15 May, said NFon investor and financing firm High-Tech Gruenderfonds (HTGF). NFon said it will use most of the EUR 50 million it raised in proceeds from the IPO to finance its growth strategy and focus on pushing forth with its international expansion. HTGF said it did not exercise its option to sell its shares in NFon as part of the IPO.

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Categories: Fixed
Companies: Nfon
Countries: Germany
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