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Rugged handset maker Sonim files for IPO

Wednesday 17 April 2019 | 08:36 CET | News
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Sonim Technologies has filed a registration statement for its initial public offering with the US Securities and Exchange Commission. The company, whose shares will list on the Nasdaq, hopes to raise USD 57.5 million, which it will put towards general corporate purposes. These may include boosting working capital, expanding its sales and marketing activities, upping R&D and funding growth strategies. Some money may also go to paying back debt. 

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Categories: Mobile & Wireless
Companies: Sonim Technologies
Countries: United States
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