‘The Future looks Bright for Partners like us’ – Crayon CEO on...

‘The Future looks Bright for Partners like us’ – Crayon CEO on life after IPO

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Crayon Listed on the Norwegian Stock Exchange

Crayon announced its intention to float on the Oslo Stock Exchange last October. At the time, the firm said the public offering would allow it to free up NOK 300m (€32m) in gross proceeds to fuel its future growth strategy.

In a recent article with Channelnomics Europe, Rune Syversen commented on Crayon’s first few months as a public company. Syversen said that it hasn’t all been plain sailing, claiming that several top Microsoft partners took a hit in Q4 of 2017.

“I think we took a small hit together with some of the large Microsoft partners in Q4, which was slightly disappointing to the market. As a result, the stock price has dropped quite significantly and, for investors, that has caused some pain. But investors understand this is a more long-term investment based on the stock price right now. Both myself and my co-founder have acquired more stock because we are pretty bullish about the future and the outlook of the company,” he said.

Crayon was almost completely Microsoft-centric around eight to nine years ago, but has since diversified its portfolio to include other hyperscaler giants AWS and Google.

Read the rest of the article here.