View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 17, 1999


By CBR Staff Writer

French service company Algoriel SA will start trading on the Nouveau Marche in Paris on February 23, following the completion of an initial public offering of 264,000 shares, or 30,8% of the company’s capital. Of the shares going on sale, 96,000 are existing and the remainder new. Algoriel is primarily involved in the training of IT personnel, though it has also developed software for clients including incumbent telco France Telecom. The company expects to report revenues of Fr91m ($15.6m) for the current financial year, which ends March 31, with a net profit of Fr8m ($1.37m). The financial institution handling the offering, Ferri SA, will announce the final price determined by the bookbuilding process on February 19, the price range having been set at 16-18.45 euros ($17.99-$20.75). The company plans to use the funds raised to finance acquisitions.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.