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September 20, 1998

MICROLOGICA SETS IPO PRICE AND DEBUTS ON NEUER MARKT

By CBR Staff Writer

German computer telephony integration (CTI) solution vendor Micrologica AG announced the issue price for its initial public offering on Friday at DM49 ($29.16), and will debut on Frankfurt’s Neuer Markt today. The company’s IPO co-ordinator, the Deutsche Genossenschaftsbank AG, conducted the bookbuilding process using a price range of DM41-DM49 for an entirely new issue of up to 660,000 shares. Micrologica’s founders and existing shareholders are not putting any of their stakes up for sale, and are committed not to sell any shares before September 15 next year. The company said the offering was ‘greatly oversubscribed’, generating demand for the shares from France, Switzerland and the UK, with institutional investors abroad having signed up for 40% of the operation, while German ones are responsible for the rest. The call center specialist, based in Hamburg, expects to post revenues of $9.7m this year.

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