Flotation is sweet music for Dolby

The company behind the Dolby noise reduction system today said it had raised 495 million US dollars (£261.9m) from a stock market flotation.

Flotation is sweet music for Dolby
Thu, 17 Feb, 2005 - 13:43

The company behind the Dolby noise reduction system today said it had raised $495m (€379.9m) from a stock market flotation.

US-based Dolby Laboratories, which started life in London, said it had sold 27,500,000 shares at $18 (€13.80) each.

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CourtsBusinessHeathrowPlace: LondonPlace: New YorkPlace: Clapham RoadPlace: south LondonPlace: San FranciscoPerson: Ray DolbyPerson: DolbyEvent: OscarsOrganisation: DolbyOrganisation: Dolby LaboratoriesOrganisation: Cambridge University
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