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November 08, 2007
Buoyant IPO For VC-backed U-Blox
One week after its IPO on the Swiss Stock Exchange, GPS chipset maker u-blox is looking at a 30 percent gain on its issue price. Its valuation at IPO was SFr 374.6, and the transaction generated about SFr 155M in proceeds.
Among its backers are two venture funds, 3i and iGlobe Partners. The company was founded in 1997 and is a university spinoff (ETH Zurich).
See UBXN on SWX
Posted on November 8, 2007 10:05 AM | Posted to IPO | News And Updates | Permalink
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