Written by Paul Kapustka
Posted Tuesday, May 22, 2007 at 9:49 AM PT

 

Blinkx ‘IPO’ Raises $50 M

If our pounds-sterling-to-dollars math is right, it looks like video search engine startup Blinkx raised nearly $50 million Tuesday in its unique “public offering,” a complex stock arrangement with parent company Autonomy that Liz detailed previously here.

At a price of 45 pence per share (89 cents per share, again if our math is right), the market cap of Blinkx works out to about $247 million, as the shares went out at the top of the company’s expected pricing range.

 

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Topic: Money & Power
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Comments & Trackbacks

  1. [...] week we went live on Blinkx.  Then Blinkx went public. Clearly, it’s the Diversion Media deal that’s pushing the stock up! Well, perhaps not, [...]

    Diversion Media Weblog » Blog Archive » Video Search Deals on May 24th, 2007 at 1:40 pm - Permalink
  2. [...] unclear to us how much of this is done manually, but CastTV certainly has a nicer interface than recently IPO-ed competitor blinkx’ Remote tool (at left). CastTV does not currently have any relationships [...]

    NewTeeVee » CastTV Gears Up for Video Search (with screenshots) on June 1st, 2007 at 11:38 am - Permalink

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