India's Moneycontrol.com reports that shares in leading IT publisher Cyber Media have listed at a 25% premium to their Rs60 issue price. On it's opening day in Mumbai, the stock reportedly hit a high of Rs103.80 and was quoting at Rs98.50 when the article was written.
Owner Pradeep Gupta is planning to use the proceeds of the IPO - which makes Cybermedia India's second listed B2B media company - to launch an international outsourcing magazine. The prospects for a planned launch of Business Week in India with McGraw Hill are a little murkier.
Friday, June 10, 2005
Cyber Media lists on BSE
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