DailyTech - OCZ Technology To Go Public In London

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IT OCZ Technology To Go Public In London
Brandon Hill (Blog) - April 25, 2006 3:22 PM

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6 comment(s) - last by PT2006.. on Apr 26 at 4:57 AM

OCZ expects to raise $54M USD from its initial public offering

According to the Financial Times, OCZ Technology will become a publically traded company a month from now on the London Stock Exchange AIM.

The Financial Times states:

The California-based company aims to raise about £10m, giving it a pre-float market capitalisation of about £30m. It develops, produces and distributes high-performance components designed to make computers run faster and more reliably. They can be used in digital photography, computer games consoles and video and music editing, as well as upgrades to PCs and servers.

OCZ Technology is an advertiser for DailyTech.com.

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On a second thought..

By lopri on 4/25/2006 3:58:54 PM , Rating: 2

Why London?

RE: On a second thought..

By shadowzz on 4/25/2006 4:03:30 PM , Rating: 2

http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act

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RE: On a second thought..

By bob661 on 4/25/2006 7:22:48 PM , Rating: 2

Are you saying they went to London to avoid that Act?

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connection with Rambus?

By soybeast on 4/26/2006 2:05:48 AM , Rating: 2

I'm just gonna throw this one out there but does anyone think this could have something to do with the patent case Rambus won?

With the implications of that case along with the possibility that they're going to London to avoid SOX, doesn't it seem like someone's trying to cash in and get out?

RE: connection with Rambus?

By PT2006 on 4/26/2006 4:57:32 AM , Rating: 2

the inquirer seems to think so
http://www.theinquirer.net/?article=31235

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Yumm..

By lopri on 4/25/2006 3:57:38 PM , Rating: 2

Should I buy some stocks? Is there any place I can get information on their financials?

Anyhow, I've been an OCZ's customer, and they are absolutely the best for what their doing. Great products, great service, and great employees who participate/contribute to the community. I wish them the best!