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General

Pareteum prices USD 40 mln offering

Friday 20 September 2019 | 15:06 CET | News
Pareteum, a provider of communications platform as a service products, has priced its USD 40 million offering led by two institutional and Hoving & Partners. The offering was made up of 18.8 million units, with Dawson James Securities acting as placement agent. The company said it will use the estimated USD 30 million in net proceeds to pay back debt. Anything remaining will be put towards working capital and general corporate purposes.

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Categories: General
Companies: Pareteum
Countries: World
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