YubiKey maker Yubico wants to float on the Swedish stock exchange in the third quarter – IT Pro – News
Yubico, maker of the YubiKey safety key, is making ready for an IPO. With the IPO, the corporate hopes to proceed to develop. Earlier than the IPO, the corporate will merge with ACQ Bure, an organization that’s now listed on the Nasdaq Stockholm inventory trade.
“We’ve chosen this path so as to obtain Yubico’s long-term progress and targets,” says Yubico’s CEO Mattias Danielsson. In keeping with Danielsson, the corporate is now worthwhile and gross sales are nonetheless rising. “The necessity for our know-how and our place throughout the cybersecurity trade has additionally by no means been stronger.”
Earlier than the IPO is full, approval for the merger should nonetheless be given at basic conferences of ACQ Bure and Yubico. Danielsson expects this merger to be accomplished within the third quarter, after which Yubico can be tradable on the Nasdaq Stockholm trade.
The message doesn’t say how a lot Yubico expects to lift from the merger or the IPO. Yubico was based sixteen years in the past and is understood for its YubiKey authentication keys. ACQ Bure is one particular goal acquisition firmor spac, which was based with the intention of buying a personal firm and taking it public.
