OnMobile Raises $30 Million Via Pre-IPO Placement

Entities Mentioned

• Business Standard
• George Soros

1. By Nikhil Pahwa - Wed 23 Jan 2008 06:31 AM PST OnMobile Global, the mobile value added services company whose IPO opens tomorrow, has reportedly raised $30 million through a pre-IPO placement. Business Standard reports that the total placement is close to 5 percent: 3.54 percent with George Soros’ Quantum Fund, 0.9 percent with Bessemer India Capital and 0.95 percent with Wardferry India Reconnaissance Fund. The OnMobile IPO will open tomorrow (Read Full Article)

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