EasyDate Raised almost £10m
- Sunday, July 04 2010 @ 09:05 am
- Contributed by: Editor
- Views: 2,017
Early last month we learned that Easydate planned to list on AIM. Well, the company which launched in 2005 and brought us the UK dating site Cupid.com (see [story: Cupid.com-Reviews Cupid Review]), listed 3 days ago on London's junior stock market and raised about £9.8 million. It cost Easydate about £1 million to list and they expect yearly maintenance fees to be around £100,000.
William Dobbie (CEO) held a 49% stake in Easydate while Maxym Polyakov (COO) held 41% when it was privately owned. Now Mr Dobbie and Mr Polyakov will own 32.45% and 27.17% respectively. Shares opened at 60p which gave Easydate a market capitalisation of about £45 million. Currently the stock sits at 68.50p.
In 2009 Easydate earned just over £9.6 million giving them a before tax revenue of £2 million. Sales next year are expected to be double to £19 million. Each month Easydate is adding 200,000 new members. They employ a staff of 140 people with most working on the technical side of the business and online marketing in the Ukraine.
For more on this story, read the Telegraph.
William Dobbie (CEO) held a 49% stake in Easydate while Maxym Polyakov (COO) held 41% when it was privately owned. Now Mr Dobbie and Mr Polyakov will own 32.45% and 27.17% respectively. Shares opened at 60p which gave Easydate a market capitalisation of about £45 million. Currently the stock sits at 68.50p.
In 2009 Easydate earned just over £9.6 million giving them a before tax revenue of £2 million. Sales next year are expected to be double to £19 million. Each month Easydate is adding 200,000 new members. They employ a staff of 140 people with most working on the technical side of the business and online marketing in the Ukraine.
For more on this story, read the Telegraph.
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