Scout24 is offering 8.5m new shares and the gross proceeds are expected to reach €225m (net proceeds of €211.3m). If the offer price is set at the low range of €26.50 per share around 8.5m shares will be placed and 6,825k shares set at the high end of the price range, or €33. In addition, the existing shareholders will also sell their shares. Assuming the maximum sale of the secondary shares at the mid-point of the price range (€29.75), gross proceeds will amount to &

22 Sep 2015
The sky is the limit

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The sky is the limit
Deutsche Telekom AG (DTE:WBO) | 0 0 0.8% | Mkt Cap: 62,447m
- Published:
22 Sep 2015 -
Author:
Heinz Steffen -
Pages:
2 -
Scout24 is offering 8.5m new shares and the gross proceeds are expected to reach €225m (net proceeds of €211.3m). If the offer price is set at the low range of €26.50 per share around 8.5m shares will be placed and 6,825k shares set at the high end of the price range, or €33. In addition, the existing shareholders will also sell their shares. Assuming the maximum sale of the secondary shares at the mid-point of the price range (€29.75), gross proceeds will amount to &