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March 27, 2006
Magix IPO takes shape
More details today from Dow Jones (German) on the upcoming IPO of Magix, a Berlin-based publisher of software to make and edit digital images, videos, and sound files. The scheduled date is April 6th. The alarm:clock euro notes that it is mainly the old shareholders that will benefit from the IPO.
Magix will be the first IPO of an independent software company on the German stock exchange since 2001.
Of the 5.28M shares on offer, only 1.35M reflect an increase in captial, the rest of the capital will go to shareholders, which include 3i. The capital increase proceeds will be used to build up the distribution network, some R&D, and a potential acquisition or two. Magix hopes to sell between €65M to €115 worth of shares.
The roadshow begins on March 27th. Dresdner Bank and Cazenove are the banks mandated to carry out the transaction.
Read - Berlin's Magix Prepares IPO (a:c euro archives)
Read - IPO/Bis zu 5,28 Mio Magix-Aktien kommen an den Markt (vwd)
Posted on March 27, 2006 07:03 AM | Posted to IPO | Media | Permalink
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