Mobile Television Services Firm MobiTV Planning IPO

Another prominent name in mobile technology has plans to go public. MobiTV, the popular platform that enables smartphone users to watch live television, filed to raise upwards of $75 million in an initial public offering of stock, according to a Bloomberg report late Wednesday. The company’s filing with the U.S. Securities and Exchange Commission, however, …   Read More

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Another prominent name in mobile technology has plans to go public.

MobiTV, the popular platform that enables smartphone users to watch live television, filed to raise upwards of $75 million in an initial public offering of stock, according to a Bloomberg report late Wednesday.

The company’s filing with the U.S. Securities and Exchange Commission, however, did not reveal how many shares MobTV is planning to offer. Although MobiTV plans to trade under the symbol MBTV, it has not yet been revealed which exchange the shares would be listed on.

In the last week of August alone, a number of names in the digital realm announced plans to go public, including Angie’s List Inc. and Jive Software Inc.

JPMorgan Chase & Co. and Deutsche Bank AG are managing the MobiTV IPO, with assistance from Robert W. Baird & Co., William Blair & Co. and Pacific Crest Securities.

At present, MobiTV’s biggest investor is Gefinor Ventures, which controls 23.1 percent of the company.

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