Satellite IoT service provider Astrocast heads into turbulent market to conduct badly needed 2nd IPO

by Peter B. de Selding

PARIS — Startup satellite IoT service provider Astrocast SA, which began initial service in 2021 with 12 satellites in orbit, is planning an initial public offering of stock on the Euronext Growth Paris market that will be crucial to fund the company’s immediate cash needs.

The recent market turbulence would suggest this is not a good time for an IPO, but Switzerland-based Astrocast, already quoted on the Euronext Growth Oslo exchange, has little choice.

The company raised 40 million Swiss francs in . . .

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