Blinkx ‘IPO’ Raises $50 M


If our pounds-sterling-to-dollars math is right, it looks like video search engine startup Blinkx raised nearly $50 million Tuesday in its unique “public offering,” a complex stock arrangement with parent company Autonomy that Liz detailed previously here.

At a price of 45 pence per share (89 cents per share, again if our math is right), the market cap of Blinkx works out to about $247 million, as the shares went out at the top of the company’s expected pricing range.

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