South African-based MiX Telematics Files for U.S. IPO
MiX Telematics, which provides fleet and mobile management SaaS solutions, recently filed paperwork with the U.S. Securities and Exchange Commission (SEC) to raise up to $125 million in an initial public offering (IPO). The company is listed on the Johannesburg Stock Exchange under the symbol MIX.
The South Africa-based company, which was founded in 1996, plans to list on the NYSE under the symbol MIXT. MiX Telematics initially filed confidentially on May 24, 2013. No pricing terms were disclosed.