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

Editors Pick
Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners. French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric.
comments powered by Disqus
Follow RTT