IPO higlights transformation of Jenoptik

Article Abstract:

Jenoptik AG is planning to launch the biggest initial public offering in Jena in Eastern Germany. The company's shareholders are anticipating to generate as much as 771.8 million marks ($433.4 million) by selling up to 22.7 million shares. Jenoptik's share price, which is set to be determined through a bookbuilding method after one and a half weeks of investor meetings, is inclined to range from 28 marks to 34 marks each share. The price is slated to be set on June 15, 1998, and trading is set to start the day after on the Frankfurt stock exchange.

Comment:

Is planning to launch the biggest initial public offering in Jena in Eastern Germany

Germany, Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, Optical & Analytical Instruments, Jenoptik AG, Article

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Agfa shares fall in initial trading

Article Abstract:

Agfa-Gevaert NV saw its share value drop below its issue price on the first day of its initial public offering. The disappointing performance is a reflection of increasingly finicky investor attitudes. Several other high-profile initial public offerings have also not been profitable. Agfa's shares finished 2.5% down to 21.46 euros in Belgium. Investors purchased the company's stock at 22 euros per share.

Comment:

Share value drops below issue price on first day of initial public offering

Photographic and Photocopying Equipment Manufacturing, Belgium, Photographic Equip & Supplies, Abstract, Photographic industry, Agfa Belgie N.V.

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Rete Gas shares launch, but IPO problems persist

Article Abstract:

Snam Rete Gas S.p.A. saw its share value rise by over 6% during the first day of the company's initial public offering (IPO). However, bankers cautioned that the IPO does not represent a major rebound for the IPO marketplace.

Italy, Natural Gas Distribution, Gas transmission and distribution, Gas Transmissn & Distributn, Gas industry, Going public (Securities), Initial public offerings, Gas transmission industry, Snam Rete Gas S.p.A.

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