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January 09, 2006
Meetic gets lol post-ipo
The lol in the title is the text messaging short form for "lots of love" and part of the name of a new mobile chat and dating service, called superLOL, launched this week by recently floated Meetic.
It is almost three months since Meetic went public on the Euronext stock exchange and the numbers are looking quite good. Its share price is up about 40 percent since and its market cap is slightly over half a billion euros (Euro 556,383,168 ).
Meetic is a founder-driven company, a type that seems to entice European investors these days (see Swiss Tech IPO post here), regardless of whether they are dotcoms or other types of tech companies.
We say founder-driven because the company raised a mere USD 8.7 million in private equity (not VC) money prior to going public and Marc Simonici (headshot here), the founder, retains a large stake post-IPO.
Posted on January 9, 2006 06:37 AM | Posted to IPO | Permalink
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