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The German company, OpenBC is to be floated on the German and Swiss stock exchange within the next six months. The announcement came at the same time as Konstantin Guericke flew into Germany to open a new website for LinkedIn, the company he co-founded and a major competitor to OpenBC.
They both cover the same area — letting business people connect with each other through their network. The OpenBC business network has about 1.5 million members.
The three-year-old European company is planning to use the proceeds for international expansion. Maybe the planned renaming of the company from OpenBC to Xing, could give a clue, as to the direction this expansion might take?

source - goingpublic.de