Market Wire reports Netsol is launching a $6 million IPO (which includes $1.6 million of private placement) with AKD Securities as the lead underwriter and 4 other banks participating. The listing is expected to finalize end of its 2005 fiscal year (when is this?).
NetSol recently launched its IT Village which can accomodate 600 employees, in a 5 story building. More here.
The parent company NetSol Technologies Inc. (NASDAQ: NTWK) has a market cap of 25 million. What’s the outlook for this company?