0
Broadband

Pexip raises USD 100 mln in IPO, shares gain 39% on first day's trade

Thursday 14 May 2020 | 11:45 CET | News
Norwegian video conferencing service provider Pexip said it is now listed on the Oslo Stock Exchange following the IPO that raised USD 100 million from investors in Europe and the US. Because of the Covid-19 pandemic, its IPO roadshow was all done remotely via video. CEO Odd Sverre Ostlie estimates that this approach saved over 1,700 hours or more than 70 days of travel time, and over 80 tons of carbon dioxide, roughly the amount that ten Norwegians use in an entire year.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Pexip
Countries: Norway / World
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Pexip launches Pexip Private Cloud

Published 11 Dec 2020 09:24 CET | World
Video-conferencing platform Pexip launched the Pexip Private Cloud, a new deployment option for its video conferencing platform. ...

Pexip doubles revenues in Q2, new customers account for 75% of growth

Published 12 Aug 2020 12:37 CET | World
Pexip, the Norwegian videoconferencing provider whose business has been boosted by companies switching to remote working during ...

Pexip takes over enterprise customers from Telenor associate Videonor

Published 07 Jul 2020 09:19 CET | Norway
Video communications company Pexip has announced that it will take over video service provider Videonor's portfolio of enterprise ...

Konftel says Covid-19 pandemic generates interest in CC200 video-conferencing camera

Published 18 Jun 2020 12:05 CET | World
Swedish teleconferencing products provider Konftel said that the Konftel CC200 collaboration camera that it presented in February ...

Tele2 says 40% of Swedes expect to work from home more even once offices reopen

Published 12 May 2020 12:32 CET | Sweden
Tele2 said there has been a 400 percent rise in time spent working from home in Sweden during the coronavirus pandemic, in ...

O2 survey shows Brits expect permanent flexible working after pandemic lockdown

Published 06 May 2020 11:41 CET | United Kingdom
The coronavirus (Covid-19) pandemic could lead to a permanent change to working patterns as employees spend less time in the ...

Pexip holds virtual roadshow for IPO to raise NOK 2.14 bln

Published 04 May 2020 12:07 CET | World | Update: 04 May 2020 12:27 CET
Norwegian video-conferencing provider Pexip has announced a step towards becoming the first European company to complete an ...

Pexip plans listing on Oslo bourse at reported value of NOK 6.2 billion

Published 27 Apr 2020 13:01 CET | Norway | Update: 27 Apr 2020 13:17 CET
Norwegian videoconferencing provider Pexip Holding has announced that it will seek a listing on the Oslo Stock Exchange, ...

Over quarter of home workers expect more telework in future

Published 21 Apr 2020 12:56 CET | Netherlands
Over a quarter (27%) of Dutch people working at home due to the coronavirus restrictions said they expect to work remotely more ...

Arkadin, Pexip enter strategic partnership

Published 13 Jul 2016 10:20 CET | World
Arkadin, an NTT Communications company, and Pexip, a provider of scalable, distributed collaboration software, entered into a ...

Pexip introduces enterprise-class conferencing software

Published 12 Jun 2013 17:34 CET | World
Pexip has introduced Pexip Infinity, a virtualised offering to video conferencing on any device. Pexip Infinity is a scalable ...





Calendar   /   Industry Events

25 Jan Edgeware EGM
25 Jan The Things Conference 2021
26 Jan Verizon Communications Q4 2020
26 Jan F5 Networks fiscal Q1
26 Jan Microsoft fiscal Q2
26 Jan Meetup MENA
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan MediaTek Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan AT&T Q4 2020
27 Jan Corning Q4 2020
27 Jan Uptime
28 Jan Crown Castle Q4 2020
28 Jan Rogers Communications Q4 2020
28 Jan Juniper Networks Q4 2020
28 Jan Comcast Q4 2020
28 Jan Samsung Electronics Q4 2020
28 Jan Skyworks fiscal Q1
28 Jan 8x8 fiscal Q3
29 Jan Charter Communications Q4 2020
29 Jan Telia Q4 2020
29 Jan Ericsson Q4 2020
29 Jan NEC fiscal Q3
::: More Calendar Items