VIDEO: AVG Technologies' CEO on its IPO - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?)
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VIDEO: AVG Technologies' CEO on its IPO

by James Summitt  |  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
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Tags: AVG Technologies | New York Stock Exchange | NYSE

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