Thursday 8 May 2008

Devil IPO Germany

German IT distributor DEVIL is coming out with its IPO through a 100% book building process.

Devil-IPO-Germany

What is the price range of the Devil IPO?
The Devil IPO price range is set to Euros 6 to 9 per share.

What is the size of the German Devil IPO?
A total of 2.85 million shares will be sold through the 100% book building process of the Devil IPO from Germany.

When will the Devil IPO open for subscription?
The Devil IPO will start the subscription and IPO applications from 8th May 2008 till 14th May 2008.

Who is managing the Devil IPO ?
The Devil IPO is lead-managed by quirin bank AG.

Any other information about the Devil IPO ?
If the IPO is fully subscribed, DEVIL's free float would be 38 percent. The shares are expected to start trading on the Frankfurt stock exchange on May 20, DEVIL said in a statement.

What are the business valuations of the Devil IPO?
DEVIL's main owner is Dutch information technology company Tulip Computers which has said it wants to spend the IPO proceeds on increasing DEVIL's product line and client base.
Let’s see how this IPO performs once its lists on the stock exchanges.
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