MusicMagpie, the online reseller that specializes in secondhand tech such as smartphones and games consoles, headed for a stock market flotation. MusicMagpie has been on a roll lately. The company capitalized on new business by going public with its IPO through London's AIM exchange; they are valued at £208 million and managed to raise more than £80million.
The company says that they make 54% of revenues from the resale of consumer technology, 38% from disc media such as CDs, and 7% from books. However, their business on Amazon is predominantly based on used media sales per TrackSellers.com