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TechnoTrend postpones IPO

November 29, 2007 12.29 Europe/London By Julian Clover

The digital TV receiver manufacturer TechnoTrend has become the latest company to postpone an IPO. In a statement, the Portuguese IT group Novabase SGPS said its subsidiary had been forced to postpone from November 30 to 2008 because “the currently difficult capital market environment does not allow IPOs in the area of Small and MidCaps.”

The company said there had still been a positive feedback to the IPO from analysts and investors and the digitisation of the global television market continued to have a positive impact on the business.

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Filed Under: Finance, Newsline, Tech Edited: 29 November 2007 12:29

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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