Wednesday, October 24, 2012
IPO debut: DeClout commences trading on Catalist today at 9am. Its invitation of 31m new shares was fully placed out at $0.25, raising gross proceeds of $7.75. The new shares represent 15.2% of post-IPO shares out. The proceeds will be used to capture a share of the fast growing SE Asian online games market through the Games Cloud, as well as to grow its profitable IT infrastructure services business. DeClout is a provider of a full suite of ICT (Information and Communications Technology) solutions.