Trintech Group Plc, the Irish internet payment processing technology provider with offices in San Jose, says it has filed with the Securities and Exchange Commission regarding its previously-announced initial public offering. The company will sell 5.8 million new shares at a price of $10 to $12 each, raising up to $69.6m before expenses. The shares are to be listed on the Neur Markt in Germany and as American Depositary Shares on the Nasdaq market. In the US, the offering will be managed by Deutsche Banc Alex Brown, BancBoston Robertson Stephens, Donaldson Lufkin and Jenrette, and WestLB Panmure. Trintech says it will use the proceeds of the offering for working capital, products development and acquisitions.
