Another IPO: Internet TV Company PeerTV Floating For £6 Million

PeerTV

What’s this; more flotation activity? PeerTV, an Israeli company whose set-top boxes streams TV channels over the internet to televisions, says it is floating on London’s AIM market to raise a hoped-for £6 ($9.64) million for a tilt at the nascent connected-TV market.

PeerTV’s boxes include a built-in DTT tuner for Freeview reception but trade on receiving overseas channels over the open internet. The service targets ethnic and religious communities with channel bouquets and includes internet services like integrated social networks and search.

The company says it scored a $200,000 (£124.56) half-year profit on revenue that increased from to $5 (£3.12) million, from the $3.5 (£2.18) million it achieved in the whole of 2009. From the announcement: “PeerTV

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