Bloomberg News

Kit Digital Jumps Most in Two Months on Profit, London Move

January 06, 2012

(Updates with Prague closing price in second paragraph.)

Jan. 6 (Bloomberg) -- Kit Digital Inc. jumped the most in two months after the U.S. software company increased its profit forecast for this year and said it plans to move its secondary share listing from Prague to London to reach more investors.

The stock climbed as much as 15 percent in Prague, the most since Nov. 9, before closing 8.2 percent higher at 183.9 koruna. In New York, its home market, Kit traded 5.7 percent higher to $8.90 as of 11:11 a.m. local time.

--Editor: James M. Gomez, Stephen Kirkland

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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