Germany's GK Software prices IPO at 21 eur/shr
FRANKFURT, June 19 |
FRANKFURT, June 19 (Reuters) - German retail software maker GK Software AG (GKSG.DE) priced its initial public offering at 21 euros per share, at the low end of the bookbuilding range.
The stock is scheduled to start trading on the Frankfurt Stock Exchange on Thursday.
If all shares on offer, including the over-allotment option, are sold, the IPO would bring in 8.7 million euros ($13.5 million), GK Software said in a statement.
It aims to use the proceeds for further growth.
ICF Kursmakler AG Wertpapierhandelsbank was lead manager and sole bookrunner. (Reporting by Peter Starck; editing by Sue Thomas)
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