We knew it was potentially on the cards (see background) but now an IPO for the B2B Services Exchange, Blur Group, has become a reality: The company today announced that it's to begin trading on LSE AIM this Friday. It will consist of a placing of 4,878,049 new ordinary shares at a price of 82 pence ($1.33) per share, raising gross placing proceeds of $6.48 million (?4 million). This will give Blur Group a market cap of approximately $32.6 million (?20.1 million) based on the placing price for the entire issued and to be issued share capital of the company. More details to follow...Source: http://feedproxy.google.com/~r/Techcrunch/~3/knPOI2qVAXI/
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