Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.