Finnish IT services and software company Proha Oyj debuted on the Helsinki stock exchange on 15 October, after an initial public offering that raised 5.46m euros ($5.94m) for the company. The company set the price of the shares in its IPO at 7.80 euros ($8.49) after setting a price range of 7.00 euros-7.80 euros ($7.62-$8.49). […]
Finnish IT services and software company Proha Oyj debuted on the Helsinki stock exchange on 15 October, after an initial public offering that raised 5.46m euros ($5.94m) for the company. The company set the price of the shares in its IPO at 7.80 euros ($8.49) after setting a price range of 7.00 euros-7.80 euros ($7.62-$8.49). The Helsinki-based company provides project management services, where it represents the US company Artemis Management Systems Inc; software testing tools, where it represents Mercury Interactive Corp; and applications development. It had a net income of 1.9m markka ($340,000) on revenue of 18.8m markka ($3.34m) in the year ending February 28, 1999.
