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July 06, 2006
VC-Backed Trolltech IPO Gets A Bounce
Shares in Norwegian mobile Linux software specialist Trolltech, which is venture backed, rose by nearly 10% on the Oslo stock exchange as the company completed its IPO, which was nearly two times oversubscribed, according to eetimes.
After its first day of trading, Trolltech's market cap is €116M based on the latest price published on the Oslo stock exchange.
It is the first IPO in Europe of an open source software company in the new (post bubble nuclear winter) cycle. We need to do a bit more digging but at this point it doesn't look like a Q-Cells-like return for its VCs.
Read - Mobile Linux developer hails successful IPO (eetimes)
Posted on July 6, 2006 09:22 AM | Posted to IPO | Open Source Software | Permalink
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