« Weborama For France's Alternext | Main | London's AIM Pitching To US VCs »
June 14, 2006
IPO Planned For Bluetooth Gearmaker Parrot
Parrot, a French developer of Bluetooth mobilephone accessories, announced it has been approved for an IPO on the Eurolist (from Euronext) IPO.
The venture-backed company is expected to raise between €91M and €103M. Its backers include Sofinnova Partners, Spef Venture, EPF Partner, SGAM Alternative Investments, and CIC Capital Prive.
These have been patient investors. The firm raised its first round of VC in 1995. It also still has its founder, Henri Seydoux, as CEO.
Its achieving quick growth with annual sales in 2005 of €80.6M up from €9.2M in 2004. It has a 9.5 percent margin.
Read- Entretien avec Henri Seydoux (boursier.com)
Posted on June 14, 2006 05:06 PM | Posted to IPO | Wireless | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/1384
