Wednesday, May 16, 2007

Video search engine Blinkx says market cap to be $225 mln - MarketWatch

"Blinkx plc, the video search engine operator being spun off from Autonomy, said it's set a price range for its offer to institutional investors in the U.K. and Europe of between 35 pence and 45 pence a share, which would raise 25 million pounds ($50 million) and give it a market capitalization of 114 million pounds ($225 million) at the mid point of the range. Blinkx is due to start trading on May 22 on the London Stock Exchange's AIM market. 'The past few weeks have been an extremely exciting time for Blinkx, and we've been delighted by the level of interest that has been shown in our company and business,' said CEO Suranga Chandratillake."

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