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August 27, 2012 11:50 am GMT
Is that the unfamiliar smell of a European tech IPO in the air? Quite possibly, although lets not get too far ahead of ourselves: Blur Group, the London-headquartered B2B Services Exchange, has appointed Singer Capital Markets to advise on its next funding path -- a path that may well include a listing on the AIM market of the London Stock Exchange, says the company.That, it goes without saying, would be pretty unusual for a European tech startup and maybe kind of crazy post-Facebook and in the current climate. But then, blur Group is already dong things a little differently, having shunned the more traditional VC model in favour of assembling an all-star group of more than 30 angel investors who have invested just shy of $2 million.Going public is something that "we have been considering, researching and gaining feedback on for a year, says CEO and founder Philip Letts. And that feedback suggests "there may be strong appetite, even in these times, for the right kind of tech company."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oRUsbkvlltQ/
Blur Group Eyes Potential IPO For Its B2B Services Exchange
Is that the unfamiliar smell of a European tech IPO in the air? Quite possibly, although lets not get too far ahead of ourselves: Blur Group, the London-headquartered B2B Services Exchange, has appointed Singer Capital Markets to advise on its next funding path -- a path that may well include a listing on the AIM market of the London Stock Exchange, says the company.That, it goes without saying, would be pretty unusual for a European tech startup and maybe kind of crazy post-Facebook and in the current climate. But then, blur Group is already dong things a little differently, having shunned the more traditional VC model in favour of assembling an all-star group of more than 30 angel investors who have invested just shy of $2 million.Going public is something that "we have been considering, researching and gaining feedback on for a year, says CEO and founder Philip Letts. And that feedback suggests "there may be strong appetite, even in these times, for the right kind of tech company."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oRUsbkvlltQ/
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