News Formal

BlackBerry aiming for June IPO for Internet of Things business: CEO

  • 📰 SooToday
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 85%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The head of BlackBerry Ltd. says he's hoping for June timing on the initial public offering the company has planned for its Internet of Things business.

The forthcoming IPO will carve BlackBerry into two business units, dividing its cybersecurity operations from its internet of things offerings.

The Waterloo, Ont.-based technology company has been evaluating a range of strategic alternatives to enhance shareholder value since May. The company lost US$42 million in the second quarter of its 2024 fiscal year as revenue from Internet of Things rose four per cent while cybersecurity revenue was down 40 per cent.

Speaking at an investors briefing, John Chen said he was aiming for June because he wants to avoid a summer IPO, when people are on holidays. He also wants to steer clear of September, which he considers a bad month for the stock market because people are coming back from vacation with a different mindset.The Canadian Press

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

BlackBerry aiming for June IPO for Internet of Things business: CEOThe head of BlackBerry Ltd. says he's hoping for June timing on the initial public offering the company has planned for its Internet of Things business. The ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

BlackBerry aiming for June IPO for Internet of Things business: CEOThe head of BlackBerry Ltd. says he's hoping for June timing on the initial public offering the company has planned for its Internet of Things business.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »