Astia Angels News: Boku IPO on the AIM
https://www.boku.com/ Boku recently floated on AIM. In an oversubscribed issue, the shares, which were placed at a price of £0.59, rose to £0.81, valuing the company at just over £170m. Boku allows people to buy things and charge the cost to their mobile phone bill or prepaid balance. With customers like Apple, Sony, Spotify, Microsoft, Google and Facebook, this has now been established as a recognised payment method for digitally distributed content. Last year Astia Angels participated in a Convertible Note which helped Boku meet its working capital requirements as it was working on the IPO. It has proved to be a good investment with cash being returned in the IPO and http://astia.org/astia-angels/ Astia Angels still retaining a sizable stake in the public company. In its most recent quarter Boku returned 44% revenue growth and now processes at an annualized value of more than $2.2bn. Growth prospects remain good with rollout of many customers still being at an early stage and an interesting pipeline of new products.