Certicom raises $57.8M in IPO | RCR Wireless

Certicom raises $57.8M in IPO

by Reily Gregson

HAYWARD, Calif.-Certicom Corp., an encryption technology company, completed its public offering of 1.25 million common shares at $46.30 per share on the Nasdaq National Market.

The proceeds from the offering, totaling more than $57.8 million, will be used to expand the company’s sales and marketing activities, develop and enhance its products and services, working capital and general corporate purposes.

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