logo
Share SHARE
FONT-SIZE Plus   Neg

Goldrooster Plans To Launch Its IPO In Germany - Quick Facts

Goldrooster AG, the German holding company of Goldrooster Group, said it is planning to launch its IPO in Germany. The commencement of trading and the inclusion of Goldrooster AG's shares in the Frankfurt stock market's Entry Standard are envisaged for May 18, 2012.

The initial public offering will include up to 5.75 million no par value ordinary bearer shares, of which up to 5 million shares are from a capital increase. The greenshoe option extends to up to 750 thousand shares and will be provided by existing shareholders. Full placement and exertion of the greenshoe option would see the free-float amount to 23 percent.

Existing shareholders have committed to a lock-up period of 12 months from the commencement of trading in Goldrooster AG's shares, during which none of their shares may be sold.

The offer price will be announced after approval of the prospectus. The subscription period is expected to begin on 2 May and will end on 15 May, 12:00 a.m.

Goldrooster AG added that it plans to use the funds from its IPO to further expand its profitable growth.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter. Europe's no-frills airline Ryanair recognized pilot union for a smooth holiday season ahead. The airline had a discussion with its pilots union in Britain, Germany, Italy, Spain, Ireland, Portugal to iron out the issues. The pilots working for Ryanair have been enjoying different status and many of them were reportedly not in the rolls as full timers.
comments powered by Disqus
Follow RTT