Canada's Sandvine Launches IPO on London's AIM

London -- Sandvine Corp., a Canada-based broadband services
and network management firm, announced that it has raised about
£20 million an initial public offering (IPO) on the London Stock
Exchange's Alternative Investment Market (AIM). Shares in
Sandvine soared by more than a third on Tuesday -- trading as
high as 100 pence (a 34% increase compared to the placing price
of 75 pence). Sandvine -- which has been backed by the likes of
Celtic House Venture Partners, VenGrowth Funds, Newbury
Ventures, Waterloo Tech Group and Business Development Bank
of Canada -- has raised more than £21.7 million ($38 million) to
date.
http://www.sandvine.com/