logo
Plus   Neg
Share
Email

Exasol AG Planning An IPO In Frankfurt For 2020 - Quick Facts

German data analytics firm Exasol AG announced Tuesday that it is now planning an initial public offering of their shares on the Frankfurt Stock Exchange in 2020.

The company plans to invest the initial proceeds of the IPO to support their growth strategy, primarily in the areas of client base expansion, brand awareness, and increased internationalization.

In October 2019, Exasol completed a pre-IPO placement of shares to a small number of long-term investors, paving the way for an initial public offering in 2020.

Hauck & Aufhauser acted as Sole Global Coordinator and Sole Bookrunner for the private placement and has been appointed as Sole Global Coordinator and Sole Bookrunner for the IPO.

The company said it will provide further details concerning the planned IPO in due course. The IPO will not only provide the necessary growth funding but will also materially increase the growth rate by creating global awareness for the Exasol brand and pave the road for further internationalization.

Founded in 2000, Exasol has developed and refined a unique analytics database, purpose-built for the growing demand for data-driven business. Its high-performance in-memory analytics database gives organizations the ability to transform how they work with data, on-premises, in the cloud or both.

The company has employees spread across its offices in Nuremberg, Berlin, London, Paris, and Atlanta and offers high-end database solutions for an array of high-profile customers.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Online-video streaming giant Netflix Inc. (NFLX), Tuesday reported a fourth-quarter profit that trounced Wall Street estimates, as revenues surged 31% driven by strong subscriber growth. Netflix added 8.76 million subscribers globally in the quarter, above its forecast of 7.60 million, to end the... Fast food chain Krystal Company has filed for bankruptcy, according to reports. The Atlanta-based Krystal filed for Chapter 11 on Sunday in the U.S. Bankruptcy Court in Atlanta. In the filing, the company reportedly disclosed assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The chief executive officer of Google's parent company Alphabet called for artificial intelligence or AI to be regulated, noting that there are real concerns about the potential negative consequences of the technology. According to Alphabet CEO Sundar Pichai, there are real concerns about the negative consequences of AI, from deepfakes to nefarious uses of facial recognition.
Follow RTT
>