Dalet Goes Public - Radio World

Dalet Goes Public

Dalet Goes Public
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Broadcast software developer Dalet Digital Media Systems has gone public.
French-owned Dalet has raised about $32 million in an initial public offering on the Paris stock exchange. The stock began trading on the "Nouveau Marché" portion of the Paris stock exchange using the designation "7617" on June 23. The Nouveau Marché is designed for companies seeking capital to finance business development.
Dalet offered about 1.9 million shares on June 22. On June 23, the first trading day for the stock, the price was about $16 a share.
Of the total stock purchasers, more than 60 were institutional investors. Dalet said the proceeds would go towards corporate expansion.
Leslie Stimson

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