Bemobi makes preliminary filing for IPO in Brazil & 3Q20 update
Oslo, Norway – October 22, 2020 - Otello Corporation today announced that its subsidiary Bemobi has made a preliminary filing for a listing of the Bemobi business in Brazil. The preliminary filing consists of draft documentation which will be subject to review by the Brazilian Securities Commission (the “CVM”). The filing does not mean that a listing of Bemobi will definitely take place and any initial public offer of shares ("IPO") and listing are subject to the fulfillment of several outstanding items and matters being concluded to Otello's satisfaction, including the valuation of the