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NFon prices upcoming IPO at EUR 15.60-19.60 per share

Wednesday 25 April 2018 | 09:12 CET | News
European cloud PBX provider NFon, based in Munich, has set the price range for its upcoming IPO on the Frankfurt Stock Exchange at EUR 15.60-19.60 per share. The final price will be based on a the book building process. There will be a primary offer of EUR 50 million, corresponding to 3.2 million new shares, to fund the company's growth strategy, plus a secondary offering by shareholders of over 5.6 million shares, including a greenshoe of up to 1.15 million more shares. If the greenshoe is exercised, the IPO will raise a total of EUR 138 million, with a free float of 68.9 percent. 

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Categories: Fixed
Companies: Nfon
Countries: Europe
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