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GreekReporter.comGreek NewsVelti Applies for Up to $200M Nasdaq IPO

Velti Applies for Up to $200M Nasdaq IPO

Alex Moukas, Velti CEO

Velti Plc filed with U.S. regulators last week to raise up to $200 million in an initial public offering of common stock. The company intends to list its common stock on Nasdaq under the symbol “VELT”.

Velti is a leading global provider of mobile marketing and advertising technology solutions co-founded by two Greeks, Alex Moukas and Chris Kaskavelis who serve as chief executive officer and chief operating officer respectively. Velti has offices all around the world but its head offices are located in Ireland.

Velti’s technology platform enables customers to plan, manage, and optimize mobile advertising and marketing campaigns in real time throughout the full campaign life cycle. In 2009, over 2,000 mobile campaigns were run on our platform by more than 450 brands, agencies, and mobile operators in more than 35 countries. I

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