initial public offerings (IPOs) trading on American exchanges

Monday, December 16, 2013

MiX Telematics (MIXT) began trading on the NYSE on 9 August 2013

  • MiX Telematics (MIXT) priced 6.296M shares at $16.00. 
  • Raymond James and William Blair acted as joint book running managers for the offering. 
  • Open $19.50 on 200K shares


MiX Telematics Limited is a provider of fleet and mobile asset management solutions delivered as software-as-a- service (SaaS). The Company’s consumer offering consists of stolen vehicle recovery products and services sold under the beam-e or Matrix product brands in South Africa, as well as personal services, such as Crash Alert, road-side assistance, Internet tracking and tax logbook. The Company also offers Smartphone applications to support all of the tracking products in its portfolio. The FM Communicator is the Company’s flagship on-board computer, installed in hundreds of thousands of fleet vehicles worldwide, while FM-Web is the Company’s Web-based service, through which commercial fleet customers access their fleet information and generate key reports.


Waterfall Park, Howick Close, Midrand
South Africa

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