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January 25, 2006
Frogster to IP0 on German junior market
PC games distributor and publisher, Frogster Interactive Pictures AG, aims to float on Germany’s lightly regulated Entry Standard stock exchange. It was founded in Berlin in April 2005 by Christoph Gerlinger to acquire Pointsoft Germany GmbH, a five year old publisher and distributor of computer and video games, whose French parent company had gone into insolvency.It plans to sell 325,000 shares. No price yet. But typically IPOs on the Entry Standard raise between Euro 5 mln and 10 mln in new capital.
Gerlinger's name will be familiar if you've followed tech and software IPOs in Germany as he was CFO of CDV-Software-Entertainment, a games developer, when it public in 2001. At the time CDV was best known for a pornographic adventure game called Lula Wet Attack. It also published Sudden Strike and Cossacks titles. In the meantime he was interim country manager Germany at Infogrames Entertainment. Prior to CDV he worked at Psygnosis Deutschland, also a games publisher.
With 100 PC games of various types and price points, Frogster claims to be market leader in its category in Germany and employs 20.
Frogster sells packaged CD games via retail channels but also runs several Internet download sites
Read Frogster plans IPO (In German by Reuters)
Posted on January 25, 2006 09:42 AM | Posted to IPO | Permalink
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