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AVG Makes Its First IPO Of $125 Million
Qushawn Clark
Contributing Writer
2012-01-19
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AVG technologies is the maker of one of the most successful pieces of anti-virus software in the world, and they are going public.
 | | AVG Makes Its First IPO Of $125 Million |  |
Founded in 1991, and based in the Netherlands, AVG not only offers their widely used free anti-virus software, but they also offer various premium software and services for those who require a bit more protection. Apparently in the 9 months of the last fiscal year, the company's revenue rose a full 24%, or to $191 million. They also more than double their profits from the last year to 68.8 million dollars, which is amazing considering the fact that so much of their manpower goes into free software.
Big name companies such as JP Morgan, Goldman Sachs, Morgan Stanley, and even Intel have chosen to back the growing company. They will be trading under the ticker symbol AVG, so make sure you keep an eye out because this company is making big moves.
View All Articles by Qushawn Clark
About the Author:
Qushawn is a staff writer for the iEntry Network.
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