Goldbach Media plans to go public in mid-June
The initial public offering (IPO) of the advertising marketing company Goldbach Media is scheduled for June 15, 2007. Forty percent of the shares will be offered for sale. Goldbach Media expects the capital increase to generate proceeds of 50.5 to 60 million Swiss francs and plans to use the funds, among other things, to expand into Eastern Europe.
The advertising marketer Goldbach Media plans to go public on June 15, 2007. From June 4 to 13, it is offering up to 2,373,170 shares with a nominal value of CHF 1.25 each for sale, according to a communiqué issued on Monday. This corresponds to just under 40 percent of all shares. The price range is CHF 37 to 44 per share. The IPO was approved at Goldbach's Annual General Meeting in May (see ), and following completion of the offer, the share capital of Goldbach Media AG will amount to up to CHF 7,498,087.50, divided into 5,998,470 registered shares. The existing core shareholders and the company's management will retain a significant stake. The definitive price of the shares and the definitive placement volume are expected to be published on June 14, 2007. Trading in the main segment of the SWX Swiss Exchange is scheduled to commence on June 15, 2007.
Goldbach Media intends to secure its independence with the IPO: "We want to develop our business model independently," said CEO Klaus Kappeler at the media conference on Monday. The advertising marketer expects the capital increase to generate an equity inflow of CHF 50.5 to 60 million, according to the press release. The company intends to use the additional funds to further consolidate its position as a one-stop store for all private electronic, interactive and mobile media in the online and offline segment in Switzerland, achieve above-average growth and expand its existing market position in Austria and Germany. Goldbach Media also intends to develop selected Eastern European markets. The new equity capital can be used to finance acquisitions or investments. In addition, the range of Internet marketing services is to be broadened and new cross-media service models designed.
Goldbach Media intends to secure its independence with the IPO: "We want to develop our business model independently," said CEO Klaus Kappeler at the media conference on Monday. The advertising marketer expects the capital increase to generate an equity inflow of CHF 50.5 to 60 million, according to the press release. The company intends to use the additional funds to further consolidate its position as a one-stop store for all private electronic, interactive and mobile media in the online and offline segment in Switzerland, achieve above-average growth and expand its existing market position in Austria and Germany. Goldbach Media also intends to develop selected Eastern European markets. The new equity capital can be used to finance acquisitions or investments. In addition, the range of Internet marketing services is to be broadened and new cross-media service models designed.
