Australian streaming music player Guvera plans $58 million IPO

Category: Music

Email This |

Digg This |

Leave A Comment

By Byron Kaye MELBOURNE (Reuters) – Australian music streamer Guvera Ltd, which competes with Apple Inc, Spotify Ltd and Pandora Media Inc, said it plans to raise up to A$80 million ($58.05 million) in a listing to bankroll an ambitious expansion in developing markets. In a listing prospectus lodged on Wednesday, the company with operations from India to Russia said it aims to sell 80 million shares for A$1 each to fund growth in emerging markets.