Eugene company goes public, raises $12M

Eugene company goes public, raises $12M

Eugene tech company Electrical Geodesics raised $12 million by going public on the London Stock Exchange.

Electrical Geodesics has grown an average of 17 percent a year over the past few years, CEO Don Tucker said. The stock sale positions the company for continued growth and development.

The company will use the money it has raised to boost its marketing, to develop new products and for working capital, he said.

Read more at The Register-Guard.

{biztweet}electrical geodesics{/biztweet}