Dotcom's Baboom eyes up to A$8.5 mln of new capital this year

Wed, 16 Jul 2014

By Paul McBeth July 16 (BusinessDesk) - Baboom, the online music service part-owned by flamboyant internet entrepreneur Kim Dotcom, will look to raise up to A$8.5 million this year as it funds a full product launch in the coming six months. The company is seeking A$4.5 million from professional investors, selling shares at 40 Australian cents apiece and valuing the business at A$39.5 million, according to an offer document published on Baboom's website. That would be followed by an initial public offer in which Baboom would raise between...

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