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
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT