Digital Home - Monday, February 27, 2006
Germany's Magix To Raise Up To $155M In IPO
The German multimedia software publisher Magix is expected to hold a significant IPO in the next couple of months. Reuters reports that the firm was expected to float at the end of March or the start of April and sell shares worth 100M to 130M euros ($119-155M).Dresdner Kleinwort Wasserstein and Cazenove are the banks that would manage the deal.
Magix sells shrinkwapped software to retail consumers who want to send photos or other multimedia files to friends. It also hosts a design your own ringtone and design your wallpaper for mobilephones service.The company boasts tennis great Boris Becker as an advertising partner.
Read - Germany's Magix considers IPO in first-half 2006 (Reuters)
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