According to telegraph.co.uk CentralNic will announce its intention to go public tomorrow on the London Stock Exchange
CentralNic is the backend provider for “at least 25 new top level online domains including .college and .wiki as well as addresses on a portfolio of 24 website endings including .uk.com and .us.com and .La.
CentralNic, plans to raise £5m in an initial public offering that would values it at more than £30m.
According to the story, CentralNic plans to use the funds it raises from its listing to apply for more new gTLD’s.
The story quotes Ben Crawford as saying:
“It’s really all about a massive change to the internet, allowing a British company like us to compete with the traditional companies that have dominated the market,” Mr Crawford said. “The demand [for these new domain endings] is there, the growth that is underlining it is internet penetration which is going up massively.”
“The company, which is debt-free, made profits of just £1.7m last year.”
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