InCoax has completed a successful capital raising of 25 MSEK and investigates the possibility of listing the company´s shares
InCoax Networks AB (“InCoax” or the “Company”) has successfully raised in total 25 MSEK in the final days of October through a rights and directed share issue before an IPO. Furthermore, InCoax investigates the possibility of listing the Company´s shares to promote development and growth.The capital raised will primarily be used for commercialization of the Company’s latest solution, In:xtnd™, which enables broadband with Gigabit speed in the existing coaxial network in apartments to the same quality as a pure fiber solution, but to a significantly lower cost. InCoax launched the In:xtnd ™