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General

Orbcomm starts offering of 3 mln shares

Friday 6 April 2018 | 13:02 CET | News
Orbcomm, a provider of industrial IoT services, has started an offering of 3 million shares. There will also be a greenshoe of up to 450,000 more shares. The company will put the money raised towards general corporate purposes. These may include future acquisitions, debt repayment, stock repurchases, working capital and capital expenditures.

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Categories: General
Companies: Orbcomm
Countries: World
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