Eye-Tracking Tech Company Tobii Valued $244M at IPO

Tech.eu: Stockholm, Sweden-based eye-tracking technology company Tobii IPO today gives it a market cap of SEK 2.1 billion (about $244M). Tobii says the offering was over-subscribed multiple times. Tobii will receive gross proceeds of approximately SEK 400 million ($46.5M) through the issue of new shares as part of the IPO, before a possible exercise of the over-allotment option.

The company has about 570 employees across its offices in Sweden, the US, China, Germany and other countries.