Sunday 23 July 2017

Envivio float to make Long profit

Nick Webb

Nick Webb

Envivio, the online video networking firm backed by Atlantic Bridge, Brian Long's (above) tech-focused investment group, is poised to raise €45m when it floats on the Nasdaq shortly. Dermot Desmond and Bill McCabe are among the investors in the group.

The Envivio float will represent a massive profit for Atlantic Bridge, which invested at an early stage in Envivio's development. shares in the upcoming IPO have been priced at up to $12 each. Long's firm holds a near 8 per cent stake in the US company.

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