Mobile services provider Zamano has completed a secondary listing on the Irish Enterprise Exchange (IEX) of the Irish Stock Exchange (ISE).
The company listed on the London AIM (Alternative Investment Market) on 31 October last.
The IEX listing will broaden the shareholder base and enhance liquidity, according to Zamano. The company’s current market capitalisation stands at €28.34m.
Zamano managing director John O’Shea commented: “The support we have received to date from UK and Irish equity investors is a solid statement of confidence in Zamano and our position in the rapidly expanding mobile content market. We will continue to focus on further strategic acquisitions, increasing investment in new technologies and expansion into new territories to drive growth and reward investor confidence.”
Zamano will release results for the full year to 31 December 2006 on 26 March 2007.
The company has a strong presence in the UK and commenced operations in Australia in early 2006. It distributes its services directly to consumers (B2C) and also facilitates commerce between businesses, brands and their end users (B2B), with B2B business accounts for approximately 65pc of overall revenue. Some 35pc of revenues generated by mobile content and interactive services in the B2C business. It was ranked fifth in the Deloitte technology Fast 50 in 2006.
Juniper Research estimates the market for mobile content at US$11bn worldwide, set to reach USS$50bn by 2011.
By Niall Byrne