WAVX 100,000,000 English pound worth European IPO news (please note that WAVX is not OTC BB any more, this is their mistake). Also, this seems like a news leak to me because it is described as "unsourced" report by Times:
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Monday June 21, 8:31 pm Eastern Time
Internet Tech to open French offshoot-FT
LONDON, June 22 (Reuters) - Internet Technology Group (quote from Yahoo! UK & Ireland: ITH.L), Britain's largest independent Internet service provider, is starting a subsidiary in France, the Financial Times said on Tuesday.
A Paris office would open in September, the paper quoted the company as saying.
The move to France was part of ITG's strategy to create a highspeed network linking Europe's main business centres, finance director Richard Brocksom was quoted as saying.
The Times newspaper reported that ITG was planning to float its joint venture with U.S. group Wave Systems (OTC BB:WAVX - news) within the next few months.
The GlobalWave joint venture, likely to be listed in Britain, could be valued at more than 100 million pounds, the Times said in its unsourced report.
ITG said on Monday the real growth in the Internet market had yet to come. |
