|Bid||4.2225 x 0|
|Ask||4.2245 x 0|
|Day's range||4.1750 - 4.2370|
|52-week range||2.0825 - 4.8390|
|Beta (5Y monthly)||0.42|
|PE ratio (TTM)||39.07|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||03 Feb 2020|
|1y target est||N/A|
Mobile device maker HMD Global has announced a $230M Series A2 -- its first tranche of external funding since a $100M round back in 2018 when it tipped over into a unicorn valuation. Since late 2016 the startup has exclusively licensed Nokia's brand for mobile devices, going on to ship some 240M devices to date. Its latest cash injection is notable both for its size (HMD claims it as the third largest funding round in Europe this year); and the profile of the strategic investors ploughing in capital -- namely: Google, Nokia and Qualcomm.
HMD Global, the maker of Nokia-branded smartphones, has secured $230 million of investment from partners including Google, Qualcomm and Nokia Technologies, to help accelerate its development of 5G devices. "This significant investment with some of closest strategic partners really allows us to accelerate our journey going forward," he said in an interview. HMD's smartphones run Google's Android One software, an unadulterated version of the operating system (OS) that promises three years of security updates and two years of OS updates.
Nokia (NOK) intends to maintain an ongoing business relationship with Vecima that includes enabling technologies to address unified cable access opportunities.