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Pexip raises USD 100 mln in IPO, shares gain 41% by mid-morning on first day's trade

2020-05-14 11:45:00| Telecompaper Headlines

(Telecompaper) Norwegian video conferencing service provider Pexip said it is now listed on the Oslo Stock Exchange following the IPO that raised USD 100 million from investors in Europe and the US. Because of the Covid-19 pandemic, its IPO roadshow was all done remotely via video. CEO Odd Sverre Ostlie estimates that this approach saved over 1,700 hours or more than 70 days of travel time, and over 80 tons of carbon dioxide, roughly the amount that ten Norwegians use in an entire year.

Tags: on days trade gain

Category:Telecommunications

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