PeerTV goes for float
October 18, 2010
PeerTV, Ihe Internet TV service provider, has announced its intention to make an IPO on AIM. The Company is seeking to raise up to £6 million (E6.9m) gross in new equity capital to enable it to capitalise on the opportunities in the Internet TV market.
PeerTV’s proprietary solutions enable TV service providers to deliver specific, live streamed channels and VOD to TV sets over the Internet. To date, the Company has been particularly successful in servicing a new breed of content providers. PeerTV’s customers use its solutions and technology to deliver multi-channel niche content across the globe with appeal to specific communities, in particular ethnic or national communities looking to receive content outside of their place of origin.