View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 15, 1998


By CBR Staff Writer

German e-commerce solution vendor Intershop AG will go public via an initial public offering of 1.8 million shares at DM100 ($55.86) each on the Deutsche Borse’s Neuer Markt, which specializes in start-ups, particularly those in the IT sector. The shares were 40 times oversubscribed. Intershop was founded in the East German city of Jena in 1992 by university dropout Stephan Schambach, who later moved to Burlingame, California, when the company opened its US-incorporated holding company there. Today, it has offices in the UK, France, Australia, Singapore, Brazil and Canada, as well as the US and Germany. The company had sales last year of $5.7m, a figure it had already surpassed in the first five months of this year. Intershop’s Mall software enables up to 300 ‘shopfronts’ to be hosted on one server, a solution which has found favor, particularly with merchants who can’t afford a dedicated server of their own, opting instead to lease space from an internet service provider. The software runs on Windows NT and four flavors of Unix, supporting electronic payments systems such as CyberCash and OM Transact .

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

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 Progressive Media Investments 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.