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July 06, 2006
Parrot Gives Europe Another Bluetooth IPO Winner
We're a couple of days late in reporting this but it's worth noting that French Bluetooth gearmaker, Parrot, successfully listed on the Euronext last week. The venture backed firm now has a market cap of €236M.
Parrot's founder and CEO, Henry Seydoux, is now a multi-millionaire, at least on paper, as he owns a good 35 percent of the company's shares, while the VCs together have about 17 percent.
This makes a second successful venture-backed IPO in the Bluetooth wireless sector for Europe. The first biggie was Cambridge Silicon Radio, which now has a market cap of £1.54B.
Read- Parrot to IPO (a:c euro)
Posted on July 6, 2006 12:01 PM | Posted to IPO | News And Updates | Venture Capital | Wireless | Permalink
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