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Sonim raises net USD 37.5 mln from offering, greenshoe

Thursday 23 May 2019 | 09:31 CET | News
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Sonim Technologies has raised net proceeds of USD 37.5 million from its offering of 3.571 million shares and greenshoe of 505,714 more. The company had originally hoped to raise over USD 50 million but priced the shares a bit lower than its hoped for range of USD 13-15, market watchers said. The price ended up at USD 11 per unit. The greenshoe sale closed on 22 May.

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Categories: Mobile & Wireless
Companies: Sonim Technologies
Countries: World
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