Numerix Preps for IPO, Mulls Acquisitions
Numerix chief executive Steve O’Hanlon declines to set a specific timeframe for an IPO, saying that this will depend on revenues at a specific point in time, but adds that an IPO is definitely in the vendor’s medium-term plan, and that not only would an IPO allow Numerix to make acquisitions, but a strategic acquisition may help the vendor achieve target revenues ahead of an IPO.
“Our plan remains to get to an IPO, with the intent of bringing liquidity to our shareholders and using the proceeds
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