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CentralNic raises $10 million in IPO

Kevin Murphy, September 3, 2013, 12:18:05 (UTC), Domain Registries

New gTLD registry back-end provider CentralNic raised a reported £7 million ($10 million) on its London Alternative Investment Market debut yesterday.

The IPO, which netted £5 million for the company and £2 million for existing shareholders, valued the company at £32.5 million ($50.6 million).

Its float price was 55p per share, but it’s trading at 66p right now.

CentralNic had previously said that it intends to use the money to expand its new gTLD business and to explore opportunities to provide back-end services for ccTLDs.

The company runs .la, has contracts to run 53 gTLDs, and sells subdomains under numerous pseudo-gTLDs such as uk.com and us.com.

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Comments (2)

  1. Adam says:

    It’ll be very interesting keeping an eye on the share price of all the gTLD applicants that have or are planning to go public, especially after each future announcement made by ICANN on the new gTLD process.

    Was it TLDH that also went public recently?

    • Kevin Murphy says:

      TLDH went public several years ago, back when people thought the new gTLD program would be launched quite quickly 🙂

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