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.