VIDEO: AVG Technologies' CEO on its IPO - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?)
Subscriber Content Preview | Request a free trialSearch  
  Go

Telecom, Media & Technology

Print  |  Share  |  Reprint

VIDEO: AVG Technologies' CEO on its IPO

by Amanda Slaybaugh  |  Published February 3, 2012 at 1:33 PM

After raising $128 million in its initial public offering, AVG Technologies began trading on the New York Stock Exchange Thursday, Feb. 2, under the ticker AVG. The anti-virus software company got off to a disappointing start, falling 19% on its first day of trading. In this video, CEO J.R. Smith explains the Czech Republic- and Netherlands-based company's strategy. In defense of the company, Smith points out that it has 106 million users and that AVG has "grown our revenues 40% a year, margins are really exceptional." He adds that AVG plans to use the capital raised from the IPO for acquisitions. "There's lots of small, great technologies out there that we can tuck in and add features to our products." - Katie Roof
Share:
Tags: AVG Technologies | New York Stock Exchange | NYSE

Meet the journalists

Amanda Slaybaugh

Associate Data Editor



Movers & Shakers

Launch Movers and shakers slideshow

Former New York Gov. David Paterson joined Atlanta-based broker-dealer IFS Securities Inc. as chief strategist of U.S. affairs and chairman of the advisory board. For other updates launch today's Movers & shakers slideshow.

Video

Palladium Equity's Sahale Snacks is on sale

Seattle-based provider of all natural, nut-based snacks could garner takeover interest from both larger strategics and private equity. More video

Sectors