Satellite IoT provider Astrocast: 8 more satellites to launch by December; secondary IPO, delayed from July, still a priority

by Peter B. de Selding

PARIS — Startup satellite IoT hardware and service provider Astrocast, whose July attempt at a secondary IPO on the Euronext Growth Paris market was scrapped by the broader market declines, is counting on its three investment banks to find a window for the transaction late this year.

Deutsche Bank AG; Clarksons Platou Securities AS, the investment banking arm of global maritime conglomerate Clarksons Group; and Astrocast’s Bryan, Garnier & Co. can only hope that market conditions, which have not improved since July, manage a . . .

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