Online Expatriate TV Channel Aggregator JumpTV Raises $100 Million In IPO on AIM

JumpTV, a Canada-based online TV channel aggregator, focused mainly on the expatriate markets, has announce completion of its IPO on London’s AIM market, and is going to raise about $100 million. The company sold about 13 million of its common shares to a syndicate of underwriters led by Canaccord Capital Corporation and Morgan Stanley Canada and including Paradigm Capital, Loewen, Ondaatje, McCutcheon Limited and GMP Securities.
The shares will start trading on AIM market in London tomorrow. If the overallotment option that it has granted its underwriters is fully exercised, the gross proceeds of the offering would rise to about $115 million.
Reuters: The Toronto-based company said it is currently looking at “various” acquisitions, adding that “although no agreements or understandings have been reached and no commitments made with respect to any transaction, there have been significant discussions in certain cases.”
Details in release.
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