Eye-tracking component maker Tobii has gone public in a $46m initial public offering, roughly three years after Intel paid $21m for a 10% stake.
Intel Capital portfolio company Tobii has raised SKr400m ($46m) in a flotation of mostly new shares on the Nasdaq Stockholm Exchange.
Tobii, a Sweden-based eye-tracking components maker, had a market capitalisation of SKr2.1bn at its initial public offering (IPO), floating at SKr25 per share, the top of its price range.
The company had revenues of SKr620m in 2014, the same year as it acquired US peer DynaVox Systems. US-listed chipmaker Intel’s corporate venturing unit invested $21m to take a…