Experts in the world of cloud telephony, NFON AG recently announced that they would be joining the world of stocks and shares, with an Initial Public Offering to be launched in 2018. The IPO will combine existing and new bearer shares to be added to the market segment for the Frankfurt Stock Exchange. Depending on the conditions of the market, the company believes that the listing will take place in the second half of this year.
As well announcing the upcoming IPO, the company also commented that they are anticipating a primary offer of up to 50 million euros and the sale of shares by some of the company's existing shareholders - the number of shares to be released has not been decided yet, and further ordinary shares will be made accessible either way.
The Purpose of the IPO
According to NFON, the brand plans to use most of the initial cash that it receives from the coming offering to fund their regional expansion throughout Europe, as well as investing in research and development activities too, with the plan to expand and enhance their market offerings. Additionally, the company also plans to further intensify its sales and marketing activities to drive the adoption of its solutions in existing markets.
Currently, 35.7% of the existing capital of the NFON AG company is held by Milestone Venture Capital, with another 34.48% owned by a company called Earlybird Verwaltungs. Other holdings include:
Hans Szymanski, CEO of NFON AG[/caption]
