The IoT network developer Sigfox plans to list on the stock market in 2018, the Financial Times reports. In an interview with the paper, CEO Ludovic Le Moan said the company "made EUR 12 million last year, over EUR 30 million this year and our goal is to cross EUR 100 million in 2018 and go public". The company's recent fundraising round of EUR 150 million is expected to be the last before the IPO, he added.
The new financing will be used mainly for expanding in the US. Sigfox’s infrastructure is already available in 26 countries, with plans to expand to 60 in the next 18 months. It earns money by charging network operators a fee for use of its hardware as well a sharing part of the revenue for every device connected to the network.
