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Wireless

Sigfox plans IPO in 2018

Monday 5 December 2016 | 08:56 CET | News
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. Sigfox's infrastructure is 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

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Categories: Mobile & Wireless
Companies: Sigfox
Countries: World
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