TextMagic
 | The topic of this article may not meet Justapedia's general notability guideline. (July 2022) |
 | |
| Type | Public company |
|---|---|
| Nasdaq Baltic: MAGIC | |
| Industry | Mobile communication |
| Founded | 2001 United Kingdom |
| Founder | Dan Houghton |
| Headquarters | Estonia |
Area served | US, UK, Canada, Australia, Europe |
Key people |
|
| Products |
|
| Revenue | €10.9 million (2021) |
| Total equity | €79.9 million (Jan 2021) |
Number of employees | 45 |
| Website | https://www.textmagic.com/ |
TextMagic is a SaaS-based A2P messaging service that allows SMBs to connect with their customers via two-way SMS messages, online texts, gateway SMS via email, SMS software for desktop, and SMS distribution lists.
TextMagic is operated by TextMagic AS, a publicly-traded company with its headquarters in Estonia.
Company history
TextMagic was founded in 2001 by Dan Houghton in the United Kingdom.[1] In 2013, Monday Media OÜ, a holding company of Estonian tech executive Priit Vaikmaa, acquired 55% of TextMagic Ltd.[2]
The company's shares were sold in an initial public offering, with the first day of trading 15 December 2021.[3]
As part of the IPO, TextMagic aimed to raise up to €2.5 million via the issue of up to 500,000 new ordinary shares. Altogether, 15,410 investors subscribed for 9,896,434 shares, totalling €49.5 million.[4]
The IPO established TextMagic as the locally listed Estonian firm with the largest number of shareholders,[5] with an oversubscription rate of 19.8.[6]
See also
References
- ^ "UK-Based SMS Company Founded in 2001". TextMagic.com. 2014-06-20. Retrieved 2016-01-18.
- ^ "Nordic CF Advisory » Estonian CEO acquired British mobile marketing company TextMagic". Nordicadvisory.com. 8 July 2013. Retrieved 2016-01-18.
- ^ "TextMagic AS stock and share news".
{{cite web}}: CS1 maint: url-status (link) - ^ "Results of the Initial Public Offering of Shares of TextMagic AS".
{{cite web}}: CS1 maint: url-status (link) - ^ "Results of the Initial Public Offering of Shares of TextMagic AS".
- ^ "Results of the Initial Public Offering of Shares of TextMagic AS".
{{cite web}}: CS1 maint: url-status (link)