HomeNotíciasGeralNFON AG sets IPO price range of EUR 15.60 to 19.60 per share

NFON AG sets IPO price range of EUR 15.60 to 19.60 per share

 

Primary offer size of EUR 50 million, corresponding to up to 3,205,128 new shares to fund growth strategy

The secondary offering by current shareholders comprises of up to 5,641,025 existing shares of NFON AG, including a potential over-allotment of up to 1,153,846 existing shares

Total issuance volume of EUR 138 million, if greenshoe option is fully exercised

Expected free float post-IPO of up to 68.9%, if the over-allotment option is fully exercised

Price range corresponds to a post-money market capitalization of c. EUR 200 million to c. EUR 239 million

Offer period to commence on April 25, 2018 and expected to end on May 08, 2018

Trading on the Frankfurt stock exchange planned to start on May 09, 2018

 

NFON AG (the “Company“ and together with its subsidiaries, “NFON” or the “Group”) has set the price range for shares offered in the planned Initial Public Offering (IPO) in the regulated market of the Frankfurt Stock Exchange (Prime Standard). The price range for the offered shares is between EUR 15.60 and EUR 19.60 per share. The offer period will commence on April 25, 2018 and is expected to end on May 08, 2018. The prospectus has been approved by the German Financial Supervisory Authority (BaFin). The final offer price will be determined based on a book building process. The shares shall be listed for the first time on May 09, 2018.

 

Hans Szymanski, CEO and CFO of NFON AG: “The planned IPO is an important milestone for us. NFON is well positioned to benefit from the ongoing disruption in the European business communications market. We are shaping the future of business telephony and are excited about continuing our successful growth story as a listed company.”

 

 

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