OpenBC IPO

Busy week in online professional networking…  After yesterday’s news about a Nokia-Ryze rumor, Om reports OpenBC’s IPO filing.

Congratulations to Lars & Bill.  I don’t know European capital markets well, but I guess OpenBC’s impressive growth and presumably healthy bottom line can justify the implied valuation.  I think this is good timing on their part, riding the steady buzz on SNS.

UPDATE:  According to a comment in Gigaom, they are raising 100mm euros.  That would be a home run!  It’s probably not out of the question, since Lehman and Deutsche Bank are on the cover. Impressive.

3 thoughts on “OpenBC IPO

  1. I agree, it would be a home run. An IPO + consolidation of the big industry players using public currency makes a hell of a lot of sense when you look at the economics. LinkedIN and XING essentially run the same software so there is a great synergy there. They would stand to benefit from the combined “network effect” where 1+1 hopefully equals 3.
    Funny how being able to get liquid in German / Swiss markets is likely going to be a competitive advantage for XING vs the field.
    I doubt they are raising E100M, they are probably valued at that amount post-money, raising E30M-E40M. But this is total guess-work on my side, based on what I’ve seen in similar transactions, I do not have any direct scoop.
    I will look forward to reading the prospectus 🙂

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  2. OpenBC/Xing is Public

    Ending a cuirous wait for me, OpenBC/Xing is now listed, with a market cap of about 157MM Euros. They raised 35MM Euros, falling short of the once rumored 100MM mark, but very impressive nevertheless. Congratulations to all involved. I now

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