Prodacta AG, a German IT concern which calls itself a ‘systems integrator for e-customer care,’ will begin the pricing process on Monday for an initial public offering (IPO) prior to a stock listing on the Neuer Markt in Frankfurt on June 7.
Ettlingen-based Prodacta is offering 1.45m shares, of which 1.1m are new issues, the remaining 350,000 being sold by the existing shareholders, including the hi-tech investment group Gold-Zack AG (CI No 3,555). The price range for bookbuilding will be announced today, with the book remaining open from 31 May till 2 June. The shares on offer in the IPO will represent a 26.6% stake in the company.
