BVI-based Hecta Media to Float IPO on the London AIM Exchange

Hecta Media, a British Virgin Islands-based company engaged in acquisition of niche content websites and domain portfolios, on November 14 went public on London’s AIM, having raised approximately $9.5 million. The start of the dealings in the company’s shares was expected exactly on that date, when Hecta Media reported about its plans to float on AIM.

Hecta seems to be different from such companies as domain giant Name Media who had filed for a $175 million IPO, as it is essentially by-passing the venture capital and private equity channel that Name Media passed through to raise cash on the public markets with which to acquire sites and domains. Currently, Hecta does not own any sites or domains but now when it has raised cash it will probably start.

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