Verkkokauppa.com Founder A Private Investor In The Making
Today, Kauppalehti wrote that the Finnish computer electronics store founder and owner Samuli Seppälä is going to take the company public in a few years time. He's doing this with the help of the Swedish private investment company Rite Internet Ventures who have invested 3 million euros to the company with a 15% stake. This brings the company's valuation to a mere 20 million euros. Why do I say a mere 20 million euros, you might ask. The reason is simple, the company's 2008 turnover was about 140 million euros with 2,4 million euro profit before taxes and amortisation.
